Latest unrest in Thailand tests a weak economy
There are fears over how much political turbulence could affect infrastructure spending and tourism
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Bangkok
THAILAND's economy, South-east Asia's second largest, typically shows remarkable resilience to political turbulence, but there are factors this time around that suggest the ongoing unrest could exacerbate already softening business conditions.
Consumer spending has slumped this year and exports, worth 60 per cent of Thailand's US$366 billion economy, are flagging amid weak global demand. The government had pinned its hopes on offsetting those losses with record 22.3 per cent growth from January to October in tourism, a sector accounting for 9 per cent of gross domestic product (GDP), and big infrastructure spending.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
