The Bank of Sheng Bao: Countries highly dependent on imported oil will face multiple obstacles.

date
23/06/2025
Sheng Bao Bank's chief investment strategist Chalu Chanana stated that countries highly reliant on oil imports, including India, Thailand, the Philippines, and most European countries, are facing multiple challenges. She said these factors include rising energy costs, currency depreciation, and capital outflows. If energy prices remain high, concerns about economic growth in these countries may become more pronounced. From an economic perspective, the United States may be relatively less affected by rising oil prices. However, she said that as a net energy exporter, the United States is also not immune to broader market volatility.