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Quake-hit Nepal Cuts Growth Outlook to Lowest in 14 Years

Earthquake-stricken Nepal cut its economic growth forecast on Tuesday for the fiscal year that ends in mid-July to the lowest in 14 years, saying persistent fuel shortages after a blockade of its border with India have hampered economic activity. The government's Central Bureau of Statistics (CBI) said the economy would grow by 0.77 percent in the year to July 15, the lowest since 2001/02, because of the border disruptions. This compares with a forecast of around 2 percent growth...

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