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Numerous structural vulnerabilities put developing regions at a disadvantage as they confront the prospect of increasingly frequent extreme shocks. Typical of these regions, South Asia had...

We use economywide models to examine the economic recovery from COVID-19 shocks in Bangladesh and Nepal during 2020–2026. Declining labor productivity, capital underutilization, consumption shifts...

Global economic growth is set to slow in 2023, compared with the previous year. Continued high inflation and the effects of monetary policy tightening added pressure s to economic...

At just under six percent, South Asia is expected to grow faster than any other developing country region this year—but slower than its pre-pandemic pace and not...

A timing misalignment between high import demand and still-recovering remittance inflows created an external funding mismatch during Nepal’s growth recovery in FY21 and FY22. As imports...

Highlights: Across goods categories, inflation of food items has gone up or stayed high, while energy-related inflation has mostly come down more, compared...

The Nepal Development Update is produced annually to report on key economic developments that occurred during the year, place them in a longer-term and global perspective, and to examine (in the Special...

Though declining in importance as Nepal undergoes structural transformation, agriculture still accounts for 23.9% of GDP and one in five people was employed in the sector with a larger share...

Global food, fuel, and fertilizer prices have risen rapidly in recent months, raising concerns about how this will affect economic stability, food security...