Malaysia's economic growth slowed in 2015. One of the reasons for this development are dwindling oil prices, with the nation largely reliant on its oil exports.
The Indian rupee has turned out to be Asia's worst-performing currency this year as the nation's economy struggles with rising oil prices, a widening current account deficit and broader emerging market concerns.
The National Bureau of Statistics said that while growth has slowed, it still managed to remain relatively steady. Beijing has decided to focus on consumer spending to ride out a trade spat with the United States.
Donald Trump's pledge that the US "won't put up with high oil prices for much longer" has led to speculation about how he may try to force OPEC's hand. Skepticism abounds over whether the price of gasoline will fall.
In the second quarter of 2018, the roaring US economy grew at an even faster pace than first reported, with new numbers showing the best performance in nearly four years, boosted by exports and strong corporate spending.
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