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Laurent Bracqbien

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Impact of political and economic crisis in Europe on emerging South Asian countries

Published On: August 16, 2022 08:22 PM NPT By: Laurent Bracqbien

South Asian countries are suffering the consequences of a tense and unstable global economic situation, with multiple causes, including the war in Ukraine. The soaring inflation widens budget deficits and empties the coffers of the countries in the region, often already very dependent on the outside for their oil and food supplies. If, in the face of inflation, global actions are beneficial in the short term, they threaten the independence of certain countries and unsettle governments, shown by the examples of Nepal and Sri Lanka.

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