by Sangam Prasain & Krishana Prasain in The Kathmandu Post, June 20, 2023Nepal is staring at stagflation, a scenario where an economy faces high inflation, low growth and high unemployment—all at the same time, economists said on Monday. Nepal’s efforts to stamp out a surge in inflation have slowed the economic growth rate sharply. At the start of the current fiscal year, the government had pompously declared that the economy would grow by an astounding…
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by Sangam Prasain & Krishana Prasain in The Kathmandu Post, June 20, 2023Nepal is staring at stagflation, a scenario where an economy faces high inflation, low growth and high unemployment—all at the same time, economists said on Monday. Nepal’s efforts to stamp out a surge in inflation have slowed the economic growth rate sharply. At the start of the current fiscal year, the government had pompously declared that the economy would grow by an astounding…