TITLE

A Slowing Economy

PUB. DATE
July 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p2
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article presents information on the Thai GDP which grew by a disappointing 3.3 percent y-o-y in the first quarter of 2005. On a quarterly basis, the performance was even worse, with the economy actually shrinking by 0.6 percent compared with the previous quarter. The slowdown was due to a number of factors, including: the impact of last December's tsunami; the prolonged drought; avian bird flu; and the continued violence in Thailand's three southern provinces. Consumption was the main growth driver in 2004, expanding by 6.2 percent and contributing 3.4 percentage points to total growth over the period.
ACCESSION #
17466670

 

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