- Policymakers are monitoring the impact of the ongoing Iran conflict in the Middle East, which is also factoring into forecasts regarding China's industrial production growth.
- Policymakers are monitoring the impact of the ongoing Iran conflict in the Middle East, which is also factoring into forecasts regarding China's industrial production growth.
- Middle East conflict pressures member economies, according to the Asian Development Bank.
- The Asian Development Bank launched a fund to address energy market vulnerabilities amid global conflict.
Chief Economist Albert Park advises on the regional outlook as the Middle East conflict affects global energy markets.
3 reports, 2 independent
Updated Aug 1
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New informationRepeats or wire copies
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What happened
Chief Economist Albert Park advises on the regional outlook as the Middle East conflict affects global energy markets.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- AI adaptation is expected to boost productivity while regional economies face disruption from Middle East conflict.Sub-event
Albert Park provides commentary on the regional outlook amid Middle East conflict's energy market impact.1 source
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The entities involved
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Asian Development Bank
regional development bank
- The Asian Development Bank has lifted its growth outlook for developing Asia and maintained its forecast for China at 4.6%, noting energy costs from the Middle East conflict.
- The Philippines is seeking international financial support from the World Bank and Asian Development Bank for its budget needs.
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
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Albert Park
economist (Hong Kong University of Science and Technology (HKUST))
Nothing else this week.
Related events
- Conflicts in Eastern Europe and the Middle East are disrupting energy markets and driving up prices.
- The OECD and IEA are discussing how the prolonged conflict in the Middle East is causing global growth uncertainty and disrupting energy supplies and markets.
- Conflict in the Middle East is driving market volatility and impacting energy price cap decisions.
- Conflict in the Middle East is driving policy shifts and mandates within energy blocs in response to global market pressures.
- Conflict drives up global energy prices and costs due to events in the Middle East, specifically impacting the Hong Kong economy.