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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