BANGKOK, 17 December 2013 CIMB Thai Bank President Supak Sivalak revealed that the current political conflicts are likely to cause the economy to slow down during the next four months, as the current government has changed to an interim government.
Mr. Supak has forecast that the current political conflicts would affect the overall economy in 3-4 months ahead. He added, however, that there has not been any serious violent unrest, and he would keep a close watch on the developing situation.
In regard to credit lending this year, Mr. Supak stated that despite the political unrest, CIMB Thai has nearly reached its 25% growth mark, which is also the goal for next year’s credit lending growth.
Factoring out some businesses that may see a slow down next year, Mr. Supak believes that certain sectors will still see growth, such as, the service sector, and the export sector, which may improve simultaneously with the world market.
