Thaksin Promises The Unobtainable

June 2003
Asia Monitor: South East Asia Monitor Volume 1;Jun2003, Vol. 14 Issue 6, p1
Country Report
Country Report
ThailandPrime Minister Thaksin Shinawatra's popularity and apparent success in promoting growth is being followed by far-reaching promises as of June 2003. Shinawatra's policies have proved successful so far, with the Thai economy being one of the fastest growing Asian economies in 2002 with real growth of 5.2%. Thailand's strong economic growth has boosted revenues through larger-than-expected income and sales tax receipts. This strong growth has also led to a reduction in unemployment and taken off some of the pressure on the government to spend. Thai assets have enjoyed a highly constructive first four months to 2003, with the Thai baht gaining almost 2.0% against the US dollar, and the country's main bourse, the Stock Exchange of Thailand, equity index trading at 10-month highs.


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