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Pattaya Daily News

11 September 2008 :: 13:09:22 pm 3559

BOT; Economy Will Survive Political Uncertainties

Bank of Thailand (BoT) Deputy Governor Bandid Nijathaworn on Wednesday expressed confidence the Thai economy would be able to adjust to Thailand‘s ongoing political uncertainties.
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Bangkok, the 11th of September 2008 [Pattaya Daily News]: He said the political turmoil had caused economic uncertainties for a certain period, but that the economy had already absorbed the negative impacts to a certain extent. The political uncertainties, if persistent, would affect investor confidence in the long term. However, should the uncertainties end quickly, he said, it would give the economy a boost and make spending and investment recover.

Mr. Bandid said the current world situation needs to be closely monitored, as global economic and financial conditions had recently weakened, as witnessed by a continued decline in stock prices.

He conceded that the increased global financial and economic volatility might affect Thailand’s economic recovery, export growth, liquidity in the system, and capital movement.(TNA)

Reporter : Methawee   Photo : Internet   Category : Business News

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