TCC warns of global recession effects

Published: 4 Sep 2012 at 15.40
Online news:

The government should prepare urgent measures to minimise the impact of the global economic recession, vice president of the Thai Chamber of Commerce (TCC) Phumin Harinsut said on Tuesday.

The risk of negative consequences from the eurozone debt crisis is still high even though leaders of the European Union had provided assistance to Greece. The situation has yet to improve, he said.

In addition, the US Federal Reserve has not introduced a third round quantitative easing measure (QE3) to stimulate the fragile economy in the US, as was expected, he said.

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yik
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Discussion 5 : 05 Sep 2012 at 15.545
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Eric D1: "Thailand will have to find ways to stimulate the economies and find new markets." How to 'stimulate' (WHO pays?) and 'find new markets', for what products and, even more important, WHERE? Other planets? The world currently is a 'very big mess'!
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tai pan

Discussion 4 : 05 Sep 2012 at 08.234
The open , arrogant stupidity of these people is almost unbelievable. For a while I thought there was a sinister master plan and agenda behind their idiotic behaviour.
I no longer think that. They are just dumb , children ,so far out of their depth, it's frightening. My contact with others outside Thailand,consider Thai politics as a circus ,run by people whose self interest is only exceeded by their lack of self awareness. One day somebody should write a book ,chronicling the bizarre comments and actions of these blatantly substandard people. Oh dear. Everyday I pray for a coup. Soon please before they do something else even more stupid .
from iPhone application.
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spiceman
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Discussion 3 : 04 Sep 2012 at 23.583
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Hey Khun Wvavin #2, it's just another harmless patriotic little "white lie for the country," remember?
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wvavin
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Discussion 2 : 04 Sep 2012 at 16.502
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Oh! I thought our dear prime minister had said Thailand would be free from this economy impact? What is she going to say now? We would like to hear something from her.
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Eric
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Discussion 1 : 04 Sep 2012 at 16.271
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Two major leadership changes events in USA and China latter part of the year will mean that politics take precedent over economic policies. EU countries have been kicking the problem down the road especially richer members afraid to jeopardize their political position. Thailand will have to find ways to stimulate the economies and find new markets. What some claimed as populist policies are actually stimulating the domestic economy. Whatever money pump into the economy will result in multiplier effects in various form of tax revenues, corporation earnings and employments.
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TCC warns of global recession effects | Bangkok Post: business