Kathmandu, April 29
The Central Bureau of Statistics has forecast that the country’s annual economic growth of this fiscal year will be as low as 2.27 per cent due to the impact of the global Covid-19 crisis.
In its national accounts statistics released on Thursday, the CBS projects that the growth rate of the gross domestic product will be just around one-fourth of the government target.
The estimate is based on the assumption that the hospitality and international travel and tourism sectors would be affected by the crisis throughout the year and other sectors would gradually resume operation after around 15 days, informs the CBS.
As per the estimate, the primary, secondary and tertiary sectors of the national economy will achieve a growth of 2.54 per cent, 3.36 per cent and 1.99 per cent respectively.
Earlier, the World Bank had projected that the country’s annual growth would be somewhere between 1.5 per cent and 2.8 per cent next fiscal year.
