TechFlow news, March 23: According to JIN10 Data, analysts at Morgan Stanley stated in a research report that if oil prices rise to $120 per barrel, it could pose a significant threat to economic growth in Asia. The analysts believe that a sustained $10-per-barrel increase in oil prices would likely exert a direct negative impact of 20–30 basis points on Asia’s GDP growth. They noted that if oil prices reach $120 per barrel, Asia’s oil and gas expenditure would account for 6.3% of its GDP. Should the conflict persist and commodity prices remain elevated, the scope for policy buffers would also be diminished. If the conflict continues, central banks in the Philippines, Indonesia, India, and South Korea may be compelled to raise interest rates starting from late Q3 or Q4.
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