EconWatch.com > Economy heading towards crisis: Dr Mahat

[Nepalnews.com] Talking to Nepalnews on Wednesday, Dr Mahat said, "The shaky economy was largely buoyed up by remittance. However, it has slowed down to 11 percent in the first three months of the current fiscal year which is much lower than expected.” Slowdown in the flow of remittance coupled with 14 percent decline in export has created anomalies in the balance of payment, according to him.

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