Realty transactions shrink to half
Realty transactions in the Kathmandu Valley shrunk to half in mid-February, as the market reacted strongly to the Nepal Rastra Bank´s cap on bank loans in the sector some two months ago.
The International Monetary Fund says the world economy, reeling from financial crisis, is on track to shrink for the first time in 60 years in 2009, by as much as one per cent.