Crude likely to stay high: ADB economist
ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India’s GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.🕒 1 min read
ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India’s GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.
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