ADB says growth depends on oil price fall

The Asian Development Bank has said the rapid growth of the region's economies may only be sustained if there is a decline in global oil prices.

``That forecast is based on the assumption that oil prices would gradually go down, or soften,'' Asian Development Bank President Harukiho Kuroda said in his opening address at the lender's annual meeting being held at the southern Indian city of Hyderabad. ``The rapid growth of the Asian economies means that they would continue to face energy securi