Sydney High oil prices are fast replacing Europe as the biggest danger to growth in Asia, threatening to smother consumer demand while taking a knife to exports and reigniting inflation.
Brent crude topping $128 a barrel is also a headache for central banks as it makes it harder to use easy monetary policy to cushion growth.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/high-oil-prices-creep-towards-top-asian-countries%E2%80%99-economic-worry-list
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-express-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asia
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/europe
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/japan
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iran
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy