Deep Tide TechFlow News, March 23rd. According to Jinshi Data reports, analysts at Morgan Stanley pointed out in a research report that if oil prices rise to $120 per barrel, this could pose a major threat to economic growth in Asia. These analysts believe that a sustained increase of $10 per barrel in oil prices would likely directly cause a negative impact of 20 to 30 basis points on Asia's gross domestic product growth. They noted that if oil prices rise to $120 per barrel, Asia's oil and gas expenditure would account for 6.3% of gross domestic product. If the conflict persists and commodity prices remain elevated, the strength of policy buffers will also be weakened. If the conflict continues, the central banks of the Philippines, Indonesia, India, and South Korea may have to raise interest rates starting from the end of the third quarter or the fourth quarter.