Thailand’s Industrial Economy and 2010 Outlook

The year 2009 was marked by the turbulence of global recession that proved to be both challenging for Thailand and also a reconfirmation of the nation’s inherent strength. The stellar efforts of the Thai government to respond quickly to the economic crisis succeeded in turning the economy around to positive growth in the last quarter of the year. As a result, the 2009 economy declined by only 2.8%, and much better than previously expected.

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