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ADB Warns Middle East Conflict ‘Could Significantly Weaken Economic Growth’ in Asia; Cambodia Faces Near-Doubling Of Fuel Prices Since Conflict Started
Summary by Cambodia Investment Review
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ADB Warns Middle East Conflict ‘Could Significantly Weaken Economic Growth’ in Asia; Cambodia Faces Near-Doubling Of Fuel Prices Since Conflict Started
Cambodia Investment ReviewA prolonged conflict in the Middle East could significantly weaken economic growth across Asia and the Pacific while sharply increasing inflationary pressures, according to new research from the Asian Development Bank (ADB), as Cambodia grapples with sustained increases in fuel prices, including a near doubling of liquefied petroleum gas (LPG) since the conflict began.In its latest brief released on March 26, the ADB wa…
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