Asian Development Bank chief economist Albert Park said the end of a Middle East ceasefire has worsened the outlook for Asian developing economies. He warned renewed conflict would raise energy prices, lift risk premia, intensify inf pressure and prolong regional supply-chain disruptions — the region is heavily dependent on Middle East oil and gas. Market moves since the news suggest escalation or sustained uncertainty could tighten global financial conditions via risk repricing, wider spreads a

Asian Development Bank chief economist Albert Park said the end of a Middle East ceasefire has worsened the outlook for Asian developing economies. He warned renewed conflict would raise energy prices, lift risk premia, intensify inf pressure and prolong regional supply-chain disruptions — the region is heavily dependent on Middle East oil and gas. Market moves since the news suggest escalation or sustained uncertainty could tighten global financial conditions via risk repricing, wider spreads and a stronger dollar, lifting imported inf. Park said higher debt-servicing costs, weaker investment and softer domestic demand would hurt growth prospects for Asian developing economies.