Surging Oil Prices To Keep Asian Central Banks Wary

December 2007
Asia Monitor: South East Asia Monitor Volume 1;Dec2007, Vol. 18 Issue 12, p8
Country Report
Country Report
The article reports on the impact of global oil price increase on Asian countries. Asian economies are particularly vulnerable to high oil prices because most of the Asian countries import 70% to 90% of their crude oil requirements. The recent rapid increase is beginning to erode much of the benefits provided by regional currency gains.


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