London, 17 February 2015
The impact of the âlower for longerâ oil price windfall is not just a positive tailwind for developed economies. It is also a significant support for oil-importing emerging market countries, predominantly in Asia. Lower inflation trends across the region have led to surprise central bank easing actions across a number of economies, instilling greater macro-economic stability relative to other emerging market regions. Macro indicators for EM Asia (in aggregate) show real GDP growth of around 6% year-on-year in 2014, a current account surplus of nearly 3% and inflation around 3% (falling significantly from a near 5% level in 2013/2014).
Source: Commodities Now feed