Via Bloomberg, Fitch report says that most Asian economies will net benefit from the fall in oil prices.
If lower prices are sustained below $90/bbl through 2015, most Asian economies are likely to see
- Likely to lift economic growth prospects
- Improve terms of trade
- And have a potentially positive credit impact
Fitch’s latest forecast is for oil prices to be below $90/bbl through 2015
China, Japan, Korea and Thailand would see an effective overall income boost from sustained lower oil prices
- Countries with large oil import needs facing external adjustment pressures such as Indonesia and India are among best positioned to see a positive impact
