Thai economist says U.S. interest rate hikes add capital outflow risks, hurt economies

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Thai economist says U.S. interest rate hikes add capital outflow risks, hurt economies

STORY: Thai economist says U.S. interest rate hikes add capital outflow risks, hurt economies DATELINE: June 25, 2022 LENGTH: 00:01:48 LOCATION: Bangkok CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute 2. various of Thai economy STORYLINE: Kirida Bhaopichitr, a senior Thai economist from Thailand Development Research Institute, has said that the U.S. interest rate hikes will increase the risk of capital outflows in emerging economies, and will put countries with too much U.S. dollar-denominated debt in trouble. SOUNDBITE (English): KIRIDA BHAOPICHITR, Research director for int'l economics and development policy, Thailand Development Research Institute "(There) definitely will be risk for countries, especially countries that have a lot of capital inflows that are short-term and can flow out easily. So those countries definitely will face the outflows issue, because when their interes

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