Macroeconomic Forecast Thailand

March 2006 | Macroeconomic Forecasts

Political tension, which has shown little sign of abatement despite the prime minister's decision to call early elections, is evolving into the key concern of economic policymakers and external observers. With the country's parliament having been dissolved, inevitable delays to the implementation of the official infrastructure spending programme are likely to reduce the public sector's contribution to fixed investment and growth. Should civil unrest and leadership uncertainty persist (the opposition has refused to participate in the April election), there is also a risk that capital inflows will decline and the currency weaken. We have revised our growth forecast down to

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