Siam Commercial Bank raises growth forecast for Thai economy to 3.9%

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The emergence of concerns about global financial stability has introduced a new risk that requires close monitoring, Somprawin said. This includes the recent turmoil sparked by the collapse of SVB as well as Credit Suisse’s liquidity crisis.

 

Both could have a short-term impact on global financial market sentiment and liquidity, Somprawin said.

 

The closure of SVB is unlikely to lead to a repeat of the 2008 financial crisis, but it is a risk everyone should be aware of, he said.

 

Full story: https://bangkokone.news/siam-commercial-bank-raises-growth-forecast-for-thai-economy-to-3-9/

 

-- © Copyright BANGKOK ONE NEWS 2023-03-18

 

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