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Supachai warns Thailand to prepare for a slowdown in global economy

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Supachai warns Thailand to prepare for a slowdown in global economy

By Wichit Chaitrong 
The Nation 

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THE GLOBAL economy is in dissarray with no clear direction, while the US-China trade war is having an adverse impact on investors’ confidence worldwide, warned Supachai Panitchpakdi, former director-general of the World Trade Organisation.

Investors do not know where to safely invest, because the trade war could easily disrupt global supply chains, he said.

Supachai, who was also former secretary-general of the United Nations Conference on Trade and Development, made these comments as a keynote speaker at a seminar hosted by Thansettakij newspaper on Tuesday evening. 

He reminded the audience that some observers had predicted that investors would relocate their factories to Southeast Asia, partly due to rising labour costs in China, and Vietnam has already gained from this. 

Credit, read more: http://www.nationmultimedia.com/detail/business/30360776

-- The Nation 2018-12-20

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