▼ Bearish for Indian equities
Asia's economic buffers too thin to keep absorbing oil shock: World Bank
The brief
- The World Bank says Asia’s economic buffers are too thin to keep absorbing the oil shock
- Governments responded more aggressively than peers elsewhere as the US-Iran war drove global prices higher
- An oil shock pressures Indian import costs, inflation and fuel-sensitive sectors
- Around 75% of firms in India are still not using artificial intelligence, with AI adoption remaining uneven across the economy : World Bank
- World Bank Warns Asia Is Running Out of Money to Fight Energy Shock - Crude Oil Prices Today
- World Bank raises India FY27 growth forecast to 7.1%, flags oil and El Niño risks
- World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
- MPC may reverse last rate cut, no big hiking cycle seen: Neelkanth Mishra
Asia’s buffers and the oil shock
The World Bank says Asia’s economic buffers are too thin to keep absorbing the oil shock, while governments responded more aggressively than peers elsewhere. A World Bank economist says South Asia’s growth remains firm but faces energy and weather risks.
Tuesday, 6 October
- Asia's economic buffers too thin to keep absorbing oil shock: World Bank