ECONOMY
Kosit warns of foreign risks to growth
- Published: 30 Nov 2012 at 00.00
- Newspaper section: Business
Thailand's economic growth is at risk of being derailed by risk factors abroad, says Bangkok Bank executive chairman and prominent economist Kosit Panpiemras.
Growth is projected at 4-5% next year compared with this year's estimates of 5-6% despite various risks such as the ongoing economic crisis in Europe and the US, geopolitical concerns in several countries, changes in weather patterns and the South China Sea dispute.
In addition, various government stimulus programmes that generate short-term benefits may cause debt problems similar to those in Europe if the schemes last a long time, he told a forum yesterday co-hosted by the Federation of Thai Industries (FTI).
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