Macroeconomic Update: Nepal (April 2021)
This Update provides forecasts for FY2021 and FYI 2022 growth, inflation and current account balance while analyzing Nepal’s macroeconomic performance in FY2020.
Nepal’s economy is estimated to have contracted by 1.9% in FY2020. GDP growth will likely modestly grow by 3.1% in FY2021, notably on low base effect. The economy may rebound to 5.1% in FY2022 on anticipation of further global and domestic economic recovery from the COVID-19 pandemic.
This edition sheds light on strengthening agricultural mechanization for enhancing farm profitability and rural livelihoods. Agricultural mechanization has been one of the viable options to compensate for shortfalls in farm labor, reduce the cost of production, and increase farm profitability.
- Executive Summary
- Macroeconomic Update
- Theme Chapter – Strengthening agricultural mechanization for enhancing farm profitability and rural livelihoods