Andy Xie - [Even developed, energy-efficient economies like Japan and South Korea are...

[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, 0 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now,.. This is a very delicate moment, no doubt about it.

Andy Xie

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Andy Xie Quotes

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[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, 0 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now,.. This is a very delicate moment, no doubt about it. Andy Xie

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Keywords

[ developed energy-efficient economies japan south korea feeling oil' bite growth 20% ministry finance economy targeting beginning year economists estimate oil months shave half percent gdp recently begun perk reiji takeishi senior fellow fujitsu research institute tokyo oil-price hikes estimates morgan stanley economist andy xie asia-pacific region spending 2% total imports ] question strongest headwind delicate moment doubt

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