All this has the potential to significantly affect the German economy, Assessing the speed and intensity of structural adjustment is difficult. [23] The current tightness of the labour market in part still reflects the fallout of the pandemic. Hiring slowed down during the pandemic and is now picking up. This slowdown has exacerbated the scarcity of skilled workers and the high number of vacancies.
Fellow governors and distinguished delegates, I take this opportunity also to shed some lights on Nepal’s recent macroeconomic performances. As an upshot of the economic and financial slowdown of the world economy in recent years and its subsequent repercussion on the Nepalese economy coupled with prevailing political instability, Nepal is grappling with the challenges of low economic growth, inflationary pressure and vulnerable external sector.