KATHMANDU : Nepal's economy is expected to expand by 5.8 per cent in the current financial year ending mid-July, helped by a pick-up in economic activity following a fall in COVID-19 cases, the finance minister said on Sunday.
Nepal has ended almost all pandemic-related restrictions, imposed to curb the spread of the novel coronavirus and took several steps to revive the economy hit by the pandemic. Nepal has seen a surge in food and energy prices as annual retail inflation accelerated to a five-year high of 7.3 per cent, amid the risk of social unrest as imports of goods like fuel, coal and edible oil become costlier.
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