![]() ![]() Uzbekistan is the second-fastest-growing economy, with projected growth of 7.6 percent thanks to rising oil prices, benign global financing conditions, robust growth in the Euro Area, and generally supportive policies among governments of several big countries in the region. The East African country’s accelerating growth comes on the back of government spending on infrastructure. The report said, “Ethiopia’s GDP is forecast to grow by 8.3 percent in 2017.” By contrast, global growth is projected to be 2.7 percent. “Nepal’s growth has rebounded strongly following a good monsoon, reconstruction efforts after the 2015 earthquake and normalization of trade with India,” the forum says quoting the World Bank. ![]() Nepal ranked third with the projection of economic growth of 7.5 percent after Ethiopia and Uzbekistan, said the forum in its report unveiled on Friday. KATHMANDU, June 12: Nepal is the third fastest growing economy in the world in 2017 according to a report of the World Economic Forum, a Swiss non-profit foundation.
0 Comments
Leave a Reply. |