atans1

US$120 oil: Losers in region

In India on 26/02/2011 at 8:23 am

According to BarCap, the big losers are South Korea, Thailand, Taiwan and India. US$120 oil would drag both Korea and Thailand into current account deficit (in Korea’s case, so would $110 crude). In Taiwan it would drag 4.3 ppts off the current account as percentage of GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: