Which country is the biggest loser from the energy shock?
ACROSS THE poor world, the third Gulf war has set off a scramble for energy. In Nepal, long queues for cooking gas have forced rationing. In Sri Lanka, firms have been urged to shut on Wednesdays to conserve fuel. In Pakistan, schools have been closed and universities moved online. Households and governments are preparing for what the head of the IMF, Kristalina Georgieva, has called “the unthinkable”.
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