Are lower oil prices a blessing for Asia?

The recent collapse in oil prices will help most Asian economies, with oil-intensive Thailand and India benefiting the most. The trouble though is that oil prices are falling because the global economy is getting weaker. Given Asia’s reliance on export-led growth, lower oil prices will be a cushion rather than a spur to growth in the region as a whole.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.