The Thai economy grew 2.3 percent month on month after the government’s 3-year stimulus spending has offset some decline in private consumption. Tine Olsen, an economist at Moody’s Economy.com wrote in a research report, via the FT: “Private consumption remains a stabilising factor in the Thai economy thanks to low unemployment and lower prices.” Exports particularly to China were also credited to the positive growth of the economy. Data released last week showed a rise of 4.6% month-on-month. The Asian country follows the growth that was seen in its neighboring countries such as Hong Kong, Japan, Singapore and Taiwan.
Despite that, the people of Thailand are still facing uncertainty amid political instability.
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