Spillovers from Lower Oil Prices to Asia

Baku, Azerbaijan

May 3, 2015



This panel on Spillovers from lower oil prices to Asia adressed numerous pressing questions. Some of the topics covered including :

– The complexity of the global economy. What is at play?
– How sustainable are the current levels of oil prices. Will prices remain low for a sustained period of time? Can we consider it as the new normal?
– What are the implications of the fall of oil prices in terms of cost , demand growth and production?
– What will be the growth effect of falling prices on the global economy? How lower prices affect different economies and regions?
– Is the shock permanent, transitory? Will it boost global demand and bring back global imbalances in the medium term?
– Poor performance of growth prospects in emerging economies. What went wrong? Reinvigorating Growth: Infrastructure investment as a new driver for growth?



  • Anoop SINGH: Regulatory Strategy Head for Hong Kong, JP Morgan Chase & Co
  • Cavit DAGDAS: Undersecretary of Treasury and Governor of the ADB for the Republic ok Turkey
  • Erbolat DOSSAEV: Minister of National Economy and Governor of the ADB for the Republic of Azerbaijan
  • Hiroshi WATANABE: Governor and CEO, Japan Bank for International Cooperation
  • Marc UZAN: Executive Director, Reinventing Bretton Woods Committee
  • Marios MARATHEFTIS: Global Chief Economist, Standard Chartered
  • Natalia KHANZHENKOVA: Managing Director, Turkey and Central Asia, EBRD
  • Paul GRUENWALD: Managing Director, Chief Economist Asia Pacific, Standard and Poor’s
  • Samir SHARIFOV: Minister of Finance and Governor of the ADB for the Republic of Azerbaijan
  • Vusal GASIMLI: Chief of the Department of the Economic Analysis and Global Affairs, Center for Strategic Studies under the President of the Republic of Azerbaijan

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