Nepal, March 14 -- Nepal's economy could face a myriad of problems-from rising inflation and slower economic growth to declining household income-if geopolitical tensions in West Asia prolong, experts warn.
Nepal, a country heavily dependent on imported food and fuel and with around 40 percent of its migrant workforce based in the Persian Gulf, is particularly vulnerable, economists said at an event titled "Problem in the Middle East and Impact on the Nepali Economy", organised by the Society of Economic Journalists-Nepal in Kathmandu on Friday.
A prolonged conflict could hit remittance earnings and tourism revenue while also affecting the agriculture sector due to rising chemical fertiliser costs and increasing inflation triggered by h...
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