Macroeconomic Update: Nepal (September 2019)
Nepal's economy expanded by 7.1% in FY2019. Gross Domestic Product (GDP) is forecast to remain strong at 6.3% in FY2020. Average annual inflation is expected to rise to 5.5% in FY2020 from 4.6% in FY2019.
The current account deficit will slightly narrow to the equivalent of 7.6% of GDP in FY2020 from 7.7% of GDP in FY2019. The theme chapter of this edition sheds light on existing implementation challenges of Special Economic Zones (SEZs) in Nepal and suggests measures to overcome them. SEZs can play a key role in developing economies like Nepal to expand exports, bridge the huge trade deficit and mitigate pressure on external stability.
- Executive summary
- Economic performance in FY2019
- Economic prospects in FY2020
- Special Economic Zones: Issues and Challenges in Nepal
- Box 1: Salient features of Special Economic Zone Act 2016