62 Days
Source:
وكالة الأنباء القطرية
Qatar National Bank: Asian Central Banks Balance Inflation Control and Economic Growth
The Qatar National Bank report discussed the escalating repercussions of the military escalation between the United States and Iran on the Asian economy. The closure of the Strait of Hormuz and the decline in oil supplies led to an increase in Brent crude prices to $118 per barrel before falling back below $80 in June. The energy crisis significantly impacted the region, which relies heavily on oil and gas imports, prompting governments to take emergency measures such as drawing from reserves and increasing reliance on coal. The report anticipated that market stabilization, with production and trade returning to pre-escalation levels, would not occur until the beginning of next year, amid inflationary pressures expected to reach 5.2 percent this year.
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