A Slowing Economy

July 2005
Asia Monitor: South East Asia Monitor Volume 1;Jul2005, Vol. 16 Issue 7, p2
Country Report
Country Report
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.


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