Country Risk Summary: THAILAND

October 2003
Asia Monitor: South East Asia Monitor Volume 1;Oct2003, Vol. 14 Issue 10, p2
Country Report
Country Report
The article presents information on political, economic and business environment risks of Thailand. Diplomatic relations between Thailand and its south-eastern neighbor were briefly downgraded following the January 29, 2003 unrest in which the Thai embassy and several Thai-owned businesses were torched. The riots began when a popular Thai television star was reported by the local press as saying that Cambodia's famous Angkor Wat temple belonged to Thailand. Thailand's economy slowed slightly during the second quarter of 2003 due to the flu-like SARS virus. Despite the SARS-induced slowdown, first-half growth still reached 6.2% and Thailand remains one of Southeast Asia's fastest-growing economies. BMI's full-year forecast of 4.8% real GDP growth is under review for an upgrade. The Bank of Thailand has introduced some capital-account controls aimed at curbing currency speculation.


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