Crude likely to stay high: ADB economist

May 11, 2026 - 02:00
Crude likely to stay high: ADB economist

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India's GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0