Global crisis begins to affect Thailand’s real economic sector

Written by Writer on Tuesday, October 28th, 2008

Global crisis begins to affect Thailand’s real economic sector

BANGKOK, Oct 27 (TNA) – Thailand’s real economic sector has begun to receive a heavier impact from the global economic crisis, according to a veteran stock analyst.

Kongkiat Opaswongkarn, president of the Securities Analysts Association, said the ongoing financial crisis is regarded the world’s most severe bubble burst in 70 years.

He said he believed there would not be a similar eonomic upheavel of the same severity in the next 20-30 years.

Mr. Kongkiat conceded that the financial institutions crisis in the United States had already spread extensively to the real economic sector on a global basis.

Thailand is no exception as its real economic sector had begun to take the impact with a heavier toll of the crisis.

It is a worrying situation to which the state sector must pay close attention, said Dr. Kongkiat. (TNA)