Thailand's Bubble Economy Is Heading For A 1997-Style Crash

[Boater]

As with most other emerging market nations, Thailand is currently experiencing a dangerous credit bubble that is helping to boost its economic growth and consumer spending. Though traditionally an export-driven economy, debt-funded domestic demand has replaced the country’s export sector as the primary economic growth engine since 2008.

Loans to Thailand’s private sector have soared by over 50 percent since the start of 2010:

http://www.forbes.com/sites/jessecolombo/2013/11/04/thailands-bubble-economy-is-heading-for-a-1997-style-crash/2/

[soi41]

[CharlieH]

ZZZzzzzzz........mm..what?.......yeah Ok.......

[plebtard]

ZZZzzzzzz........mm..what?.......yeah Ok.......

exactly just a story to deflect attention from their own imminent bankruptcy,

[bangkokstick]

Let's see :-)

[soundman]

Topic already running here.

Closed.