PARK CYN-YOUNG

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                    [ArticleID] => 254956
                    [Title] => ADB says high oil prices a ‘manageable risk’ for Asia
                    [Summary] => Sharp increases in oil prices in recent months pose a risk, although a manageable one, for Asian economies as long as governments use the right policies, the Asian Development Bank (ADB) said yesterday. 


"Asia remains particularly vulnerable to an oil shock because of its high dependence on oil imports," said the report by ADB economist Park Cyn-Young. 


Asia produces 10 percent of world crude supply but consumes 24 percent, with consumption in China and India rising, adding to the pressure on prices. 


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ADB says high oil prices a ‘manageable risk’ for Asia

By Ted P. Torres | June 23, 2004 - 12:00am

Sharp increases in oil prices in recent months pose a risk, although a manageable one, for Asian economies as long as governments use the right policies, the Asian Development Bank (ADB) said yesterday. "Asia...

Business