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Developing Asia faces tough choices amid rising oil prices.
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M2 Presswire
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September 8, 2005
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Copyright informationCOPYRIGHT 2005 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-8 September 2005-ADB: Developing Asia faces tough choices amid rising oil prices(C)1994-2005 M2 COMMUNICATIONS LTD
RDATE:08092005
MANILA, PHILIPPINES - With signs of economic stress starting to emerge, developing Asia needs to make some hard decisions to cope with high oil prices, according to an Asian Development Bank (ADB) report released today.
The price of world crude has risen by nearly 75 since the start of 2005, says Asian Development Outlook 2005 Update (Update), the supplemental issue of ADB's flagship publication forecasting economic trends in the Asia and Pacific region. As a net oil importer, Asia is vulnerable to high oil prices, which ...
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