Nepal, Jan. 29 -- In the face of a global economic downturn, most countries of the world will inevitably experience the repercussions of this phenomenon. As the economy transitions from the normalization observed at the end of last year to a state of turbulent 'new-normality' this year, the global economy is poised to decelerate amid the lingering impacts of tight monetary policy, restrictive financial conditions and sluggish global trade and investment. There is an escalation in disruptions within the commodity market, financial stress stemming from heightened debt and increased borrowing costs amid the impact of climate-related disasters.

Moreover, the recent conflict in the Middle East and war in Ukraine have heightened geopolitical r...