Kathmandu, Oct. 6 -- Nepal's economic growth is projected to slow to 3.7 percent in the current fiscal year ending mid-July 2027, largely due to disruptions to industry and services caused by the August 26 flood, the World Bank said on Tuesday.

The flood is expected to affect Nepal's economy through four primary transmission channels: energy, transportation, trade and tourism.

According to the World Bank's global rapid post-disaster damage estimation, total direct economic damage to physical assets amounted to $1.66 billion, with infrastructure accounting for 83 percent, followed by residential buildings at 11 percent and non-residential buildings at 6 percent. The impacts were concentrated largely in Rasuwa, Nuwakot and Dhading distric...