Bhutan Development Update, April 2014
After a policy-engineered slowdown in
2012, which saw GDP growth decline to 4.8 percent, the
lowest since 2008, Bhutan's economy is expected to
rebound to 6.5 percent this year, supported by hydropower
construction and higher electricity and food production,
following favorable rains. The tight fiscal stance
introduced in 2012 has been maintained to bring spending in
line with lower non-hydro revenues and a slowdown in foreign