ANZ Bank: Compared with the Russia-Ukraine conflict, Asian economies are more capable of coping with the impact of the Middle East conflict

```htmlAccording to Golden Ten Data on March 24, ANZ wrote that compared to the Russia-Ukraine conflict in 2022, the Asia region is now in a better position to address the impact of the Middle East conflict. In 2022, the region faced pent-up demand and surging commodity prices following the pandemic. The current situation is relatively moderate, with price pressures mainly focused on oil. Growth is supported by the ongoing technology supercycle rather than domestic demand. However, a prolonged conflict would further drive up shipping costs, retail fuel prices, and remittance fees.```