Why the latest picture of the economy has surprised economists

economy

Why the latest picture of the economy has surprised economists: Everyone has felt that the economy is under a lot of pressure amidst the downturn and public health crisis that started in April. As the economy, which is expected to grow at 7 percent, approaches zero, the latest data released by the central bank has left some economists wondering. Economists have been saying from the beginning that Nepal’s economy is at great risk due to the coronavirus epidemic. Millions of young people were warned to work abroad and lose their jobs or return in large numbers if the epidemic spread in those countries.

But on Friday, when the central bank released its details for the first month of the current fiscal year, a different picture emerged. Remittance income increased by 23 percent to Rs 92 billion in July compared to the same month last year. Other indicators close to the stability of the economy have also been good during the period.

Why amazing

Corona virus: Why the latest picture of the economy has surprised economists, Everyone has felt that the economy is under a lot of....

Inflation, which reflects higher inflation, is lower than Pohor’s at 3.49%, while the country’s balance of payments, which measures the balance of payments between income and expenditure, is at a profit of Rs 51 billion. Foreign exchange reserves have reached 12 billion. Imports have declined by about 20 percent while exports have increased by about 9 percent. But the trade deficit is still huge – about Rs 76 billion. (Why the latest picture of the economy has surprised economists)

Looking at these details, I found it a bit unexpected and surprising. It shows how complex the economy is and we simply can’t understand it, said economist Keshav Acharya. “These indicators are like measuring blood pressure and sugar in human terms. They show that the economy is still in good shape.

Looking at these details, I found it a bit unexpected and surprising. It shows how complex the economy is and we simply can’t understand it,” said economist Keshav Acharya. These indicators are like measuring blood pressure and sugar in human terms. They show that the economy is still in good shape.

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