Our financial landscape has lately witnessed a notable shift—banks are now experiencing an influx of liquidity. This surplus liquidity in the market has led to a reduction in deposit interest rates across various banks. This adjustment reflects the changing dynamics of the financial sector. While lowering interest rates is a step in the right direction, it is not the sole solution. The current abundance of liquidity offers a distinctive opportunity for financial institutions to play a pivotal role in reinvigorating the economy that is on the verge of a recession.
As the preparation for the federal budget for the next fiscal year is under full swing, the Ministry of Finance has concluded deliberations with the line ministries, business and industrial organizations, corporate houses and other concerned stakeholders to include appropriate suggestions to give final shape to the budget. The pre- budget discussion is underway in the parliament and thereafter the budget will be presented in the parliament on 29th May 2023 as per the constitutional provision.
WASHINGTON, April 11: The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic and geopolitical concerns.
Nepal is also experiencing most signs of recession. Some economists say that a recession is almost sure to happen here, although we are not yet in a complete recession. The signs of an economic downturn are cropping up all over, in some sectors like fuel, food items, edible oils and other necessary commodities.
This is the best of times and the worst of times. As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability.
KATHMANDU, April 13: Painting a grim economic picture, the World Bank has significantly lowered Nepal's growth projection to a range between 1.5 percent and 2.8 percent in the current fiscal year 2019/20. This is the downward revision of the growth forecast from 6.4 percent that the World Bank had made in October last year.
WASHINGTON, DC – The global economy was ripe for a recession even before the coronavirus pandemic struck. Many commentators have been warning that stock markets were overheated, that advanced economies were heading for a slowdown, and that US President Donald Trump’s protectionist policies had disrupted supply chains and ushered in an era of heightened uncertainty. Now, the stock market has finally crashed, and a recession has become almost inevitable.
WASHINGTON, Aug 19: A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021.
WASHINGTON, Aug 17: President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation’s strong growth and low unemployment rate.