Blessings in disguise?
Thailand's stock market was the world's fifth-best performer in 2012. It rose 35.75% and its price-to-earnings ratio shot up to 18 times.
Supported by internal and external factors, the government stimulated consumption with the first-time car buyer scheme, the 300-baht daily minimum wage in seven major cities and a cut in corporate income tax.
Aided by foreign direct investment, the economy performed more strongly than expected.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.