Asia growth to slow even if oil prices stabilize: ADBBloombergEconomic growth across Asia would likely slow even if oil prices stabilize in the coming months, as the impact of war in the Middle East ripples through industries from manufacturing to tourism, the Asian Development Bank (ADB) said. Photo: EPAThe situation remains volatile, with oil prices whipsawing on daily developments in the conflict. “Developing Asia and the Pacific’s economic ascent faces a formidable test,” ADB President Masato Kanda said in the report. India’s economic growth is also projected to decline to 6.9 percent this year from last year’s 7.6 percent due to external headwinds, although it should get support from resilient consumption. Despite the war posing downside risks to Asian economies, the lender cautioned against aggressive monetary policy tightening and price controls.

Source: Taipei Times April 10, 2026 17:15 UTC