Former Nepal Rastra Bank Executive Warns Middle East Crisis Poses Direct Threat to Nepal's Economy

Former Executive Director of Nepal Rastra Bank, Gunakar Bhatta, stated that the crisis unfolding in the Middle Eastern countries will directly impact the nation's economy.Speaking at an event organized by the Economic Journalists Association of Nepal (SEJON) in the capital on Friday, he noted that the conflict is causing a rise in crude oil prices, which will have a direct effect on the Nepali economy.According to him, if the conflict persists for a long time, risks will increase not only for Nepal but globally. International studies show that if the price of one barrel of oil increases by 10% due...