Bhutan’s real economy will decline in 2021. The economy is driven by the commissioning of the 740-megawatt Mangdechhu hydropower plant, continued improvements in tourism supported by new government programs, sustained momentum in the private sector, but the cost of fighting the Coronavirus (COVID-19) will take its toll on the economy. Growth of real GDP will be around 5.8% in 2022, but will rise to about 8.1% in 2024, before eventually slipping to about 4.5% per year by 2028.
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