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International Monetary Fund. Asia and Pacific Dept
The COVID-19 pandemic severely impacted Nepal’s economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves.
International Monetary Fund

1. This supplement reports on economic and financial developments since the issuance of the Staff Report (SM/02/15). The information does not alter the thrust of the staff appraisal. 2. Industrial production remained weak in Q4 2001, and November data suggest that it stood about one percent lower than at the beginning of the year. The downward trend of headline CPI inflation was interrupted in December when the price index increased by 0.4 percent resulting in a 12-month inflation of 2.7 percent. This was largely due to one-off factors associated with

International Monetary Fund
This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997–2000—reflecting strong consumption, competitive exports, wage moderation, and supply conditions enhanced by structural reforms. Annualized real GDP growth was about 2 percent in the third quarter of 2001, compared with 2.5 percent and 3 percent, respectively, in the second and first quarters. Industrial production has been decreasing during most of 2001, and in November stood about 1 percent lower than a year before.
International Monetary Fund

This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997–2000—reflecting strong consumption, competitive exports, wage moderation, and supply conditions enhanced by structural reforms. Annualized real GDP growth was about 2 percent in the third quarter of 2001, compared with 2.5 percent and 3 percent, respectively, in the second and first quarters. Industrial production has been decreasing during most of 2001, and in November stood about 1 percent lower than a year before.

International Monetary Fund

This 2001 Article IV Consultation highlights that the economy of Spain grew by more than 4 percent annually during 1997–2000—reflecting strong consumption, competitive exports, wage moderation, and supply conditions enhanced by structural reforms. Annualized real GDP growth was about 2 percent in the third quarter of 2001, compared with 2.5 percent and 3 percent, respectively, in the second and first quarters. Industrial production has been decreasing during most of 2001, and in November stood about 1 percent lower than a year before.

International Monetary Fund. African Dept.

expansion territory. The index is now at its highest level since late 2019. The staff projection of 2022 real growth remains unchanged at 2.7 percent, balancing possible higher non-oil growth from the current momentum against ongoing weaknesses in the oil sector. 4. Lower than projected fiscal expenditures (January-November data) and imports (Q1-Q3 data) are likely to result in lower fiscal and current account deficits for 2021 . Staff estimates the 2021 overall fiscal deficit to be 5.9 percent of GDP compared to 6.3 percent in the staff report, mostly reflecting lower