Nepal, March 4 -- Nepal could face significant economic repercussions if tensions in the Middle East persist, economists warned, citing risks to remittance inflows, fuel supply and inflation.
Nepal's economy heavily depends on remittances sent by migrant workers, particularly from Gulf countries including Saudi Arabia, Qatar, Bahrain, the United Arab Emirates, Oman and Kuwait - countries that have reportedly faced retaliatory attacks from Iran.Health insurance plans
According to government records, more than 1.7 million Nepalis work in these countries. Remittance accounts for roughly 25-30 percent of Nepal's gross domestic product (GDP), making the economy highly vulnerable to instability in the region.
Economist Keshab Acharya says pr...
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