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Post by Deleted on Oct 8, 2015 9:57:00 GMT 7
IMF warns of new threat posed by emerging economiesCompany and bank finances are "stretched thinner in many emerging markets", the report says. The IMF estimates there is $3.3 trillion in what it calls "overborrowing" by companies and banks in emerging markets. China, Thailand, Turkey and Brazil are identified as countries where credit has expanded markedly compared with past trends. www.bbc.com/news/business-34465290
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Post by Fletchsmile on Oct 8, 2015 11:21:56 GMT 7
Yes Thailand's debt has grown significantly, although it's expected to start leveling out now.
One positive for Thailand compared to peers is that it has a low level of USD denominated debt - about the lowest in the SE Asia region - and it's mainly domestic THB currency. Other regional countries like Malaysia are much more vulnerable to USD debt
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