Ken Wattret
speaker
312 appearances
3 recordings
1 series
first heard Jun 2026
last heard 11 Jul
Ken Wattret’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jul 2026 with 2.
Appearances
Well, there are a few different ways to think about this from an economic perspective.
One route, given the nature of the shock in the Middle East, if we focus there first, is to look at which countries are most or least reliant on imports of oil and gas from the Gulf.
And many of the largest economies in Asia Pacific stand out in that respect.
So when the conflict first began, now
was a key area of focus for our economic forecasts.
But that's just one dimension.
We also need to think about some other factors.
For example, a country's energy mix, it may get most of its gas from the Gulf countries, but that might account for a relatively small share of its overall energy consumption.
We need to think about the availability of strategic reserves.
That's been a big issue for China.
uh it was building up its oil reserves long before the conflict began.
That's provided a cushion against higher prices and any potential supply shortages.
And as I mentioned, we also need to think about the policy responses.
Some of those economies which are highly sensitive to
Energy supplies from the Gulf also have quite a lot of fiscal space to shield their economies from the effect of higher prices, or they can source their energy from elsewhere.
We've seen, for example, US crude oil exports surge recently.
And that leads to another point of differentiation whether a country is a net oil exporter or a net oil importer.
World-producing country that's not in close proximity to the conflict, so not suffering from the supply disruptions, can benefit from higher demand for its energy exports at much higher prices.
That was one of the reasons why we were relatively constructed on the US economic outlook when the conflict first emerged.
Plus a few other factors including lower US household taxes and AI related spending.
Showing 241–260 of 312 · page 13 of 16
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