Banker warns of outside risk factors

Published: 29 Nov 2012 at 12.23
Online news:

The country’s economic growth is at risk of being derailed by overseas risk factors, Bangkok Bank executive chairman Kosit Panpiemras said on Thursday.

He said this in a speech, Thailand Future in 2013, presented at a seminar held by the Federation of Thai Industries.

Mr Kosit said the key outside risk factors include the fragile US economy and the eurozone debt crisis, which are complicated and will take a long time to settle.

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jamjon01
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Discussion 4 : 29 Nov 2012 at 22.004
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Hehe, There are a whole lot of countries right now would consider 5-6% GDP overwhelmingly good news. We are certainly one of them. A mainly exporting nation as yours should never suffer as bad as many others would if investments are done strategically and the debt rate is cautious. I think this guy is being overtly intimidating for whatever reasons or else he has no clue. Time will show.
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boons
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Discussion 3 : 29 Nov 2012 at 13.303
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Ha! Now we finally begin to see the slow dawning of awareness. Thailand is an 80% export economy. So called "outside factors" aren't some previously unseen force that is now somehow interfering with natural growth, "Outside forces" are all that *ever* matters to an export economy. Global consumption is collapsing and Thailand is attempting to expand AND double wages at the same time AND expand government spending AND increase credit growth. Bankers have caused economic collapse in Thailand before, and they absolutely will again. Darn those "outside forces" that keep sneaking up on Thailand. LOL.
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yik
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Discussion 2 : 29 Nov 2012 at 13.112
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"The country’s economic growth is at risk of being derailed by overseas risk factors ..." this is not news (known since some years), but great, that somebody finally speaks out!
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bkksim
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Discussion 1 : 29 Nov 2012 at 12.511
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Is Mr Kosit preparing everyone for something that is coming in the near future?

Blame everyone else but yourself.
"US economy and the Eurozone debt crisis,Syria and Egypt,

So when it happens everyone know why!
not the real reason that the government spent all the money on themselves and repaying favours to people who got them into power.

Rice scheme, Emergency loan for the flood (that never came)7 mill to people killed in protests ect
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Banker warns of outside risk factors | Bangkok Post: business