The Thai economy hit a 15-year high at 12 per cent growth in the first quarter of this year but the recent political violence could pull growth down by 1.5 per cent, National Economics and Social Development Board (NESDB) secretary-general Ampong Kitti-ampon said on Monday. Thailand Business News
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Thailand’s GDP growth hits 15-year high at 12% in Q1
Domestic demand has also shown signs of life, but the severe weather, the withdrawal of consumption-based fiscal stimulus and political uncertainty should be a drag on growth. With a large fraction of the population still occupied in agriculture or working in rural areas, agriculture is a critical variable for the performance of household consumption.
While the Thai government is aware of the need for these reforms, political uncertainties have made it more challenging to pursue them
There has been a massive outflow from China, particularly into energy and resources. The more savvy Thai companies are increasingly tailoring their investor relations strategies to the changes in power in the markets.
‘‘Only 35 companies on the SET have market capitalizations of more than $1 billion, with another 80 companies between $200 million and $1 billion.
