Reuters: Struggling out of recession, Thailand pays price for populist policies

Struggling out of recession, Thailand pays price for populist policies – Reuters, October 31, 2013
…Exports, which account for more than 60 percent of the economy, fell 6.3 percent in September from a year earlier and private consumption dropped 1.3 percent from August.
…What could lift the country out of recession is sustained growth of tourism and a recovery in exports, which the Bank of Thailand on Thursday said were “fragile”.
It has projected exports to grow just 1 percent in 2013, having started the year with a forecast of 9 percent growth…

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