By Sharad Apte

Bangkok Post-Sept 23

Despite a long run of strong economic growth in Thailand and Southeast Asia, the next global recession will have serious effects here. It’s a turbulent world, and Thailand still relies on exports to China, the US, Europe and elsewhere, as well as capital flows from abroad. True, Thailand weathered the global financial crisis a decade ago much better than many others did, but it still was hit hard, with GDP growth dropping from 5% in 2006 to negative 1% in 2009. Moreover, many of the traits that cushioned Thailand then offer less of a buffer today.  Read more at: https://www.bangkokpost.com/opinion/opinion/1756099/are-thai-businesses-prepared-for-a-downturn-