Kathmandu, November 1
A report by the International Monetary Fund, titled Regional Economic Outlook Asia and Pacific, states that economic growth in Nepal is expected to improve from 3.1 per cent in 2024 to 4.9 per cent in 2025, driven by higher capital spending, a good harvest, and supportive monetary policy.
According to the report, India remains the world’s fastest-growing major economy.
“Growth in 2024 for India has been revised up by 0.2 percentage points to 7.0 per cent relative to the April forecast, as rural consumption is benefiting from an improved agricultural season and public infrastructure investment continues to expand,” the report stated. “These trends are expected to continue in 2025.”
Furthermore, the report notes that growth for countries in the Association of Southeast Asian Nations (ASEAN) is forecast at a robust 4.6 per cent in 2024 and 4.7 per cent in 2025, largely supported by strong domestic demand and exports. Indonesia, the Philippines, and Vietnam are all projected to grow robustly, while economic activity in Thailand remains more subdued.
