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Brexit effect on Thailand minimal, say experts

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BANGKOK: Research has shown Brexit is the UK and the European Union’s problem only, said Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organisations (Fetco).

He argued that in the worst-case scenario where the UK leaves the EU with no-deal, the Thai economy may only take a 0.1% to 0.2% hit to its Gross Domestic Product , while the UK would go into a recession in 2020, with a GDP growth contraction of 0.

6%, from an original forecast of 2% growth.

Source: News Formal (newsformal.com)

 

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