External factors hurt locally | Bangkok Post: business

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External factors hurt locally

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Despite the nascent economic recovery in the US and Europe, the Thai economy still faces lingering global financial market volatility in the second half, says Bank of Thailand governor Prasarn Trairatvorakul. 

He said since recovery measures initiated by the US and European governments have not produced fruitful enough results, financial market sentiment is sensitive to news and information, sometimes leading to market turbulence.

"The current financial market sentiment can be compared to easy susceptibility to carsickness, as it is quick to respond to volatile information, causing panic and instability in the market as a result," said Mr Prasarn.

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