Nepal Growth Resilient

The current macroeconomic indicators show the resiliency of Nepal’s economy, Nepal Rastra Bank said in a report, RSSNepal reported. Releasing the ‘Current Macroeconomic and Financial Situation (based on six months’ data of fiscal year 2016/17), NRB said, recovery in tourism and industrial output was likely to improve Nepal’s growth outlook. A slowdown in inflation—which hit double digits in the corresponding period of fiscal year 2015/16, balance of payment surplus, significant accumulation of foreign exchange reserves, and strong budgetary operations including the collection of revenue, among other fundamentals, were behind the central bank being upbeat about the economic outlook of the country.