Asia Grapples With Rising Energy Crisis Amid Iran War
Asia is currently battling a rising and uneven energy crisis, with the ongoing conflict involving Iran cited as a significant contributing factor. The crisis is impacting various nations across the continent.
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Asia battles rising, uneven toll of energy crisis caused by Iran war
Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of the energy crisis triggered by the Iran war, but the pain is getting increasingly costly. The disruption spurred the Asian Development Bank to cut its growth forecast for developing Asia and the Pacific to 4.7 per cent this year and 4.8pc in 2027, down from 5.1pc for both years previously, and lifted its inflation outlook to 5.2pc for this year. Overall oil imp...
By none@none.com (Reuters)
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Asia's emerging market currencies have fallen furthest and to lower lows against the dollar, compared with global peers and the region's bigger currencies, with the peso, rupee and rupiah all making record lows
By Reuters
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