This article
talks about China’s predicted economic slowdown may lead Thailand’s export
sector into recession while also preventing the worlds’ as well as Thai economy
from achieving their targeted growth for this year. It covers both Thailand and China. FPO Director-General stated that the
fact that foreign investors are pulling out of the Chinese stock market has
hinted that an economic in China’s real estate sector is looming near.
In Thailand
it is believed that China will soon suffer a severe economic setback, which
will see its growth decline to only 6% from the previous estimation of 8-9%.
The FPO Director-General of Thailand stated that his office is bracing for the
struggles, which may be brought on by China. In addition, they are also looking
for measures to deal with the oil situation in the global market, which has
pushed the initial cost of transportation up by 0.3-0.4% along with an increase
in goods prices and cost of living.It is predicted that China’s economic slowdown will happen in a gradual
rather than an abrupt manner despite the Chinese government’s data pointing to
a weak growth in the country’s economy.
This may help countries like Thailand prepare as best as they can.
~Chet Matsuura
http://thailand-business-news.com/business/36809-chinas-economic-slowdown-may-impact-thailands-export-sector
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