The knock-on effect on Thai exports from a US debt default, which could occur if President Barack Obama is prevented from raising the debt ceiling, could be bigger than the Lehman Brothers collapse, warns Kwanjai Tachasanskul, a first vice-president of the Export-Import Bank of Thailand.
A bird’s eye view of Klong Toey port in Bangkok. SITHIKORN WONGWUDTHIANUN
However, economists estimate only a limited effect on exports but say the capital market could take an extensive hit.
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