Saving jobs during Covid crisis

September 15, 2020 12:10 pm

Nepal, in the past decade, has nearly halved the percentage of the population living under poverty even though the economic growth of the nation as a whole has been considerably low. During the period, Nepal went through devastating earthquakes in 2015 which terribly affected the country’s economy, but managed to recover in a couple of years. In 2019, the growth rate in GDP of Nepal was 6.7 percent. With the increase in GDP and per capita income, the living standard of households has significantly improved resulting in increased household spending on better health, education, wellbeing and going beyond daily necessities to creating means for additional income sources.