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Nepal Development Update, May 2016 : Remittances at Risk.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accounting.
- Auctions.
- Banking Sector.
- Bonds.
- Commodity Prices.
- Contracts.
- Currencies.
- Currencies and Exchange Rates.
- Debt.
- Depreciation.
- Developing Countries.
- Economic Conditions and Volatility.
- Economic Growth.
- Economy.
- Exchange Rates.
- Expenditures.
- External Shocks.
- Finance and Financial Sector Development.
- Financial Crisis.
- Fiscal Policy.
- Host Countries.
- Human Capital.
- Income Tax.
- Inflation.
- Labor Market.
- Living Standards.
- Loans.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Natural Disasters.
- Oil-Exporting Countries.
- Poverty.
- Private Investment.
- Purchasing Power.
- Recession.
- Remittances.
- Slowdown.
- Surplus.
- Taxes.
- Trade Policy.
- Local Subjects:
- Accounting.
- Auctions.
- Banking Sector.
- Bonds.
- Commodity Prices.
- Contracts.
- Currencies.
- Currencies and Exchange Rates.
- Debt.
- Depreciation.
- Developing Countries.
- Economic Conditions and Volatility.
- Economic Growth.
- Economy.
- Exchange Rates.
- Expenditures.
- External Shocks.
- Finance and Financial Sector Development.
- Financial Crisis.
- Fiscal Policy.
- Host Countries.
- Human Capital.
- Income Tax.
- Inflation.
- Labor Market.
- Living Standards.
- Loans.
- Macroeconomics and Economic Growth.
- Monetary Policy.
- Natural Disasters.
- Oil-Exporting Countries.
- Poverty.
- Private Investment.
- Purchasing Power.
- Recession.
- Remittances.
- Slowdown.
- Surplus.
- Taxes.
- Trade Policy.
- Physical Description:
- 1 online resource (1 pages)
- Other Title:
- Nepal Development Update, May 2016
- Place of Publication:
- Washington, D.C. : The World Bank, 2016.
- System Details:
- data file
- Summary:
- During 2015, and in the span of six-months, Nepal was hit by two major shocks. The first one was the April 2015 earthquakes that caused a huge loss of life and assets. The second shock has come in the form of a near complete disruption of external trade following the adoption of the new Constitution. Reflecting both the earthquake and trade related disruptions, inflation spiked to over 12 percent (y/ y) by mid-January rising 5 percentage points in just four months from mid-September 2015. This was the highest inflation level since FY2009, with increases in food and non-food prices contributing equally to the spike. As the trade disruptions ended, inflation has eased to back to single digits.
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