Domestic Demand To Cushion Slowdown?

July 2008
Asia Monitor: South East Asia Monitor Volume 1;Jul2008, Vol. 19 Issue 7, p1
Country Report
The article presents an economic forecast for Thailand in 2008. It maintained a broadly optimistic outlook in accordance with its return to democratic rule and fairly accommodative fiscal and monetary policy that helped rejuvenate consumer and business optimism. However, it is projected that its export sector earnings will likely be impinged on by the swift appreciation of the baht and moderation in demand from key export markets, while the rise of oil prices inflates the import bill.


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