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Kathmandu, October 6 The World Bank predicts Nepal’s economy will grow in the next fiscal year. The World Bank announced in Kathmandu that Nepal’s economy is projected to recover with a growth rate of 3.9 per cent in the fiscal year 2023/2024, during the release of the South Asian Development Update and Nepal Development Update 2023 on Thursday. However, Nepal’s Gross Domestic growth rate will remain at 1.9 per cent this year, the World Bank noted. The economy is expected to rebound owing to a lagged impact of the lifting of import restrictions, a strong rebound in tourism, and the gradual loosening of monetary policy, according to the World Bank’s twice-a-year country update. Nepal’s economy is anticipated to expand by 5 per cent in the fiscal year 2024/2025. Nevertheless, there are several potential risks to this outlook. These include the unpredictability of the monsoon, which may hinder agricultural growth. Additionally, there is the possibility of a surge in commodity pric...