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NEW UPDATES Asean Affairs  20 May  2015  

Thai economy grows sluggish 0.3% in Q1

THAILAND’S economy expanded 0.3 per cent on-quarter in January-March, official data showed on Monday, highlighting the task ahead for the military junta that seized power in a coup last year vowing to kickstart growth after months of political instability.

And in another blow to the country’s year-old government the National Economic and Social Development Board (NESB) lowered its growth forecast for this year.

Year-on-year first quarter growth came in at three per cent, the NESB said.

But Krystal Tan, an Asia economist at Capital Economics, said that figure was “exaggerated by a low base in the first quarter of 2014, when growth contracted and political unrest was at its peak”.

At the time Bangkok was paralysed by protests against the government. The NESB said it expected the economy to grow 3.0-4.0 per cent this year, down from an earlier prediction of 3.5-4.5 per cent. Growth came in at just 0.7 per cent in 2014, its weakest pace in three years.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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