Steeper challenges lie ahead for Thailand | Bangkok Post: opinion

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Steeper challenges lie ahead for Thailand

  • Published: | Viewed: 2,105 | Comments: 4
  • Newspaper section: News
  • Writer: Stephen Olson
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Against all odds, the Thai economy has rebounded remarkably well from the twin hammer blows of the Japanese earthquake, and the flooding which inundated large segments of the country last year. 

Through a combination of accommodative government policies and the strong determination and hard work of the Thai people, the country has repaired the damage, and returned to steady growth. In fact, the IMF is projecting a growth rate of 5.5% for 2012 and an even more robust rate of 7.5% for 2013.

It is however far too soon to draw a sigh of relief. This impressive return to solid growth belies the increasingly challenging global economic terrain that Thailand and all emerging markets will be forced to navigate in the months and years ahead.

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