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Economic growth improved to 4 percent in the second quarter

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NEPSE trading

Economic growth improved to 4 percent in the second quarter

Improvement in the economic growth rate has been seen in the second quarter of the financial year i.e. October, November and January.

The National Statistics Office said: In the second quarter, the economic growth rate was four percent. In the second quarter of the last financial year, the economic growth rate was negative by 1.1 percent, while in the first quarter of the current year, the growth rate was 3.2 percent.

Although the growth rate of the business sector, which is the largest part of the economy, is low and the growth rate of the manufacturing industry sector is negative, the overall growth rate is seen to reach 4 percent, according to the preliminary forecast of the data office.

According to the information released by the Statistics Office, the increase in the total value added of the hotel sector along with the increase in rice and other agricultural products and the increase in tourism arrivals has improved the economic growth rate. Although the economic activity has been increasing recently, the growth of the industrial and business sector is not satisfactory, according to the data released by the office. 000

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