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<Research>M Stanley: If Oil Prices Rise to USD120, It May Pose Acute Threat to Asia's Econ Growth
Assuming oil prices hike to USD120/ bbl, it could pose an acute threat to Asia's economic growth, Morgan Stanley said in its report.Analysts from the broker mentioned in the re...
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<Research>M Stanley: If Oil Prices Rise to USD120, It May Pose Acute Threat to Asia's Econ Growth
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Assuming oil prices hike to USD120/ bbl, it could pose an acute threat to Asia's economic growth, Morgan Stanley said in its report.

Analysts from the broker mentioned in the report that a continuous USD10 increase in oil prices/ bbl could negatively impact Asia's GDP growth by 20-30 bps. They underscored that if oil prices reach USD120/ bbl, Asia's spending on oil and gas could account for 6.3% of GDP.

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If conflicts persist and commodity prices remain elevated, the effectiveness of policy buffers may deteriorate, Morgan Stanley also warned. In such a scenario, central banks in the Philippines, Indonesia, India, and South Korea may need to raise interest rates by the end of 3Q or 4Q.

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