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

To continue reading...

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 indvidual account here: