TechFlow News, March 3: According to JINSHI Data, Goldman Sachs analysts stated in a research report that the protracted Middle East conflict could exert pressure on Asian emerging economies. Goldman Sachs estimates that if the Strait of Hormuz were closed for six weeks, oil prices could rise to $85 per barrel. In such a scenario, inflation rates across the region could increase by approximately 0.7 percentage points, with the Philippines and Thailand being the most sensitive. Supply disruptions could drag down the region’s real GDP growth by an average of 0.5 percentage points, with Singapore facing the most severe impact. Goldman Sachs added that the current account balances of nearly all countries in the region could deteriorate, led by Thailand and Singapore.
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