Next year's export growth at least 5%; KResearch
Play
Thailand's export growth in dollar term should be at least 5 per cent next year, despite persistent external risks particularly in the euro zone and Japan, according to Kasikorn Research Centre.
Charles Kengchon, managing director of the research company, said that this should boost the gross domestic product (GDP) by 4.7 per cent in 2014.
At Kasikornbank Group's "Meet the Expert" event today hosted for its clients, Charles said that external risks will persist next year. While signs of improvements are witnessed in the US economy which led markets to expect the tapering to start in March, the euro zone will be haunted by huge public debts.
"The euro zone can't resort to the tool having deployed by the US - quantitative easing. This will force it to proceed on reforms which including the Banking Union and the Fiscal Union. I believe that this process would take about 5 years. Hopefully, no economic crisis erupts during the period, or it would be a great risk to the zone," he said.
Meanwhile, Japan's public debt, 240 per cent of GDP, will pose a great risk to economy and yen.
