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9 Jul 2015
Lower oil in Asia and benefactors - BAML
FXStreet (Guatemala) - Analysts at Bank of America Merrill Lynch noted the impact of lower oil in Asia.
Key Quotes:
"Thailand, Korea, Singapore and India are the biggest beneficiaries of lower oil simply because they are the biggest net importers of oil.
Lower oil prices deliver a favorable mix of stronger growth and lower inflation for all countries in the region,except Malaysia.
Korea and Thailand benefit the most from the growth dividend, while India benefits the most from lower inflation, followed by the Philippines and Indonesia."
Key Quotes:
"Thailand, Korea, Singapore and India are the biggest beneficiaries of lower oil simply because they are the biggest net importers of oil.
Lower oil prices deliver a favorable mix of stronger growth and lower inflation for all countries in the region,except Malaysia.
Korea and Thailand benefit the most from the growth dividend, while India benefits the most from lower inflation, followed by the Philippines and Indonesia."