If oil prices stabilize at $85, Singapore, which is heavily dependent on energy imports, will suffer a 1.5 percent drop in GDP, and Taiwan and Hong Kong will also face negative shocks of 1.2% and 0.8%. In contrast, China, due to its large economy and diverse energy structure (high self-sufficiency rate of coal), has been the least affected in Asia (only about -0.1%), showing strong resilience against falling.
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