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 security

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.