The President of Bangkok Bank spoke today at the AEC Business Forum 2018, expressing confidence in the ASEAN economy despite the escalating trade war between the United States and China.
Bangkok Bank President Chartsiri Sophonpanich spoke of the economic potential of ASEAN, despite concerns over the trade dispute between the US and China.
He believes the dispute won’t affect ASEAN, despite the bloc producing goods in the value chain of both countries.
Chartsiri asserted that ASEAN’s economic foundations remain strong at a GDP of 2.8 trillion US dollars, with the potential to grow to 4.6 trillion in the next decade.
Although foreign capital is currently flowing out of emerging markets, the Bangkok Bank President believes that the region’s solid economic foundations will continue to attract foreign investment.