Somkid plays down growth | Bangkok Post: news

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Somkid plays down growth

Published: 6 Mar 2013 at 00.00
Newspaper section: News

Former finance minister Somkid Jatusripitak has warned the public not to be fooled by the country's buoyant economic growth.

Somkid: Gloom below economy’s bloom

The overall picture of the economy may look rosy but it may well be an illusion, he said.

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3rivers
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Discussion 1 : 06 Mar 2013 at 03.561
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Another major new factor, in teh future, is the USA's shale gas advantage. This is so huge and sudden that it is a geopolitical game changer, but sticking with Somkid's insightful comments it also means any Thai export that is energy intensive will become much less competitive irregardless of how undervalued labor costs are, notwithstanding how cheap the baht continues to be on a PPP basis.
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