Publication: Nepal Development Update, May 2016: Remittances at Risk
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2016-05
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2016-07-12
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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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“World Bank. 2016. Nepal Development Update, May 2016: Remittances at Risk. © World Bank. http://hdl.handle.net/10986/24663 License: CC BY 3.0 IGO.”
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