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Posts tagged as “recession”

Nepal plunges into its first recession in six decades:

By Sangam Prasain in The Kathmandu Post, May 01, 2023Nepal plunged into its first recession in six decades as economic output continued to be weighed down by inflation and political instability. Economists warn that the country, which is aiming for middle-income status in the next three years, will have a hard time getting out of the slump as political uncertainty, corruption and market and climate vulnerability go deep. As per the National Statistics Office, the…