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Lower Global Oil Prices Boost Asia's Prospects Into 2015

The recent sharp fall in oil prices has helped boost Asia's economies, enabling governments to ease costly fuel subsidies. Analysts say lower prices also ease payment pressures in oil import dependent economies in the face of expected higher global interest rates in 2015. Economists said a 25 percent fall in international oil prices since July is lifting Asia's economic prospects because of the region’s heavy dependence on imported fuel to drive growth. They also said the...

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