Nov 20: Bhutan is recovering quickly from the global economic crisis, said World Bank economist Eliana Cardoso in her new article entitled ‘South Asia Rebounds’.
She said Pakistan, Nepal, Sri Lanka and Afghanistan face a more difficult situation because of bitter conflicts. He mentioned that India and Bangladesh are als making progress.
“Food price inflation is a major problem. The upsurge in global commodity prices preceding the global financial crisis had a strong negative impact in South Asia,” the articles mentions.
“In part, this reflects the lagged effects of higher food prices from global markets last year, and in part, the recent severe drought in India, which is forcing its imports higher and cutting back its exports. But consumer prices have been falling recently in other South Asian countries, such as Bangladesh and Sri Lanka.”