The deteriorating asset quality of the banking sector, rapid capital flow
movements and tumbling commodity prices pose threats to the Thai economy,
the former secretary-general of the United Nations Conference on Trade and
Development Supachai Panitchpakdi warns.
"Several fear factors need to be monitored as they could lead to an economic collapse in some
countries and spillover to the global financial market, including Thailand. These include slumps in
commodity prices such as oil and consumer goods," he said.
Interest rate rises in certain major countries would also cause a wild swing in the Thai financial
market and impact the stock market, he said.