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Sri Lanka’s GDP Growth Projected to Dip Amid Macroeconomic Challenges and External Headwinds
COLOMBO — The Asian Development Bank’s (ADB) annual flagship economic publication forecasts a muted recovery from the coronavirus disease (COVID-19) pandemic as Sri Lanka’s economy grapples with macroeconomic challenges arising from high…
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Indian Economy to Grow 7.5% in FY2022, 8% in FY2023
NEW DELHI — India’s economy will grow 7.5% in fiscal year (FY) 2022 and 8% in FY2023, supported by increased public investment in infrastructure and a pickup in private investment, the Asian Development Bank (ADB) forecasts.
The outlook…
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Structural Reforms Key to Accelerating Growth in Pakistan — ADB
ISLAMABAD — After a strong economic rebound in fiscal year (FY) 2021, Pakistan’s economic growth is expected to moderate to 4% in FY2022 due to tighter fiscal and monetary policies before picking up again in FY2023, the Asian Development…
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ADB Forecasts Modest Economic Growth for Nepal in FY2022
KATHMANDU — Nepal’s economy is anticipated to grow by 3.9% (at market prices) in fiscal year (FY) 2022 from an estimated 2.3% growth in FY2021, says the latest Asian Development Outlook (ADO) 2022, the flagship economic publication of…
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Developing Asia Economies Set to Grow 5.2% this Year Amid Global Uncertainty
MANILA — Developing Asia’s economies are forecast to grow 5.2% this year and 5.3% in 2023, thanks to a robust recovery in domestic demand and continued expansion in exports. However, uncertainties stemming from the Russian invasion of…
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कविता राईको उपन्यास ‘गुरु’ सार्वजनिक
२३ चैत्र, काठमाडौँ — कवि कविता राईको पहिलो उपन्यास ‘गुरु’ सार्वजनिक भएको छ । कमलादीस्थित नेपाल प्रज्ञा प्रतिष्ठानमा बुधबार राईसहित समालोचक ज्ञानु अधिकारी, साहित्यकार हरिप्रसाद सिलवाल, कवि शशी लुमुम्बु लगायतले उपन्यास लोकार्पण गरे …
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Nepal to sell additional 325 MW power in Indian energy market
Kathmandu: Nepal has received permission to export an additional 325 MW of electricity to the Indian energy market. The Indian Central Electricity Authority has given approval to the Nepal Electricity Authority to sell an additional 325 MW…
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Europe’s Job Retention Schemes Contained Unemployment, But Challenges Remain
COVID-19 caused the most severe shock to the European economy for at least 75 years, with significant disruptions to the labor market. Nonetheless, a powerful policy response cushioned the pandemic’s impact and prevented unemployment from…
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World Bank Resumes Processes Under the Indus Waters Treaty
WASHINGTON– In line with its responsibilities under the Indus Waters Treaty, the World Bank today announced its decision to resume the two separate processes requested by India and Pakistan in relation to the Kishenganga and Ratle…
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Cities that Plan for Age-Readiness can Reap Lasting Social and Economic Benefits: New World Bank…
WASHINGTON – As the world gets older and cities expand to accommodate more people, focusing on making urban infrastructure and services ‘age-ready’ -- conducive for older persons and younger ones alike -- can have universal social and…
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