Weather Low growth in 2006- ADB
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ISSUE #293 (07 APRIL 2006 - 13 APRIL 2006)
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Low crop yields in both winter and summer will keep Nepal's growth rate at just two percent in 2006, says the Asian Development Bank (ADB). Poor weather will hamper production, added the bank's yearly Asian Development Outlook released on Thursday. The report blamed lower paddy yields, slow industrial growth and faltering tourism as major reasons why growth fell from 3.5 percent in 2004 to 2.3 percent in 2005. But it projected growth to rise to 3.4 percent in FY2007.
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