Trouble in Nepal

 So there's trouble brewing in Nepal. The balance of payment deficit has been the largest it's ever been. Remittance has been going down. Tourism income has been heading dangerously towards zero. Price of fuel has gone up like crazy. Inflation is in double digits. The country's foreign reserves are draining. The government has stopped the imports of everything but the most basic necessary items. Those heading out of the country are given extremely limited currency, even for their travels to expensive western countries.

It's wild, I'm afraid about what the short and middle term future holds for the country, genuinely worried about the economic implosion like Sri Lanka. There's hope but hope only hurts you more. Ugh. What. To. Do.

No comments:

Post a Comment

Tell me what you think. I'll read, promise.