Country Risk Summary: THAILAND

July 2004
Asia Monitor: South East Asia Monitor Volume 1;Jul2004, Vol. 15 Issue 7, p2
Country Report
Country Report
Thailand's GDP grew by a slower-than-expected 6.5% year-on-year in the first quarter of 2004, down considerably from the 7.8% recorded in Q404. The slower growth was put down to a combination of bird flu, which decimated Thailand's poultry sector; higher oil prices, increasing the cost of imports; and violence in the south, which has affected confidence in Thailand's economy among international investors. The poor performance led to a number of government agencies cutting their full-year growth forecasts.


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