Effects of political unrest to drag on for 4 months: CIMB Thai Bank President

[webfact]

Effects of political unrest to drag on for 4 months

BANGKOK, 17 December 2013 (NNT) — CIMB Thai Bank President Supak Sivalak revealed that the current political conflicts are likely to cause the economy to slow down during the next four months, as the current government has changed to an interim government.

Mr. Supak has forecast that the current political conflicts would affect the overall economy in 3-4 months ahead. He added, however, that there has not been any serious violent unrest, and he would keep a close watch on the developing situation.

In regard to credit lending this year, Mr. Supak stated that despite the political unrest, CIMB Thai has nearly reached its 25% growth mark, which is also the goal for next year’s credit lending growth.

Factoring out some businesses that may see a slow down next year, Mr. Supak believes that certain sectors will still see growth, such as, the service sector, and the export sector, which may improve simultaneously with the world market.


-- NNT 2013-12-17

[Nickymaster]

Huuh?? The protests have finished, reconciliation has been achieved and Thaksin is back home as free man eating noodles at Paragon?

So now we have to just wait 4 months for everything to return to "normal"?

[Robby nz]

And we must thank Khun Suthep for this excuse for without it we would have had to admit that the Government had stuffed things up.

[Nibbles48]

Back to normal?

Under this bunch of idiots, the economy was in free fall. Growth around 2.6%, with the rice scam doing most of the damage, on top of all the corruption.

It has not been the protests causing this problem, it has been Thaksin and his puppet government.

[tingtongteesood]

Back to normal?

Under this bunch of idiots, the economy was in free fall. Growth around 2.6%, with the rice scam doing most of the damage, on top of all the corruption.

It has not been the protests causing this problem, it has been Thaksin and his puppet government.

Thank you Nibbles48. A rare voice of reason among the Red vitriolic rhetoric. Why can't people understand the truth of what is really happening here ?

[wileycoyote]

Agreed ,it will take months for the economy to recover