Thailand Economic Monitor, April 2011
The pace of economic activity is gradually returning to pre-crisis levels. After a roller-coaster of sharp drops, vigorous rebounds and mild contractions, Gross Domestic Product (GDP) was up 4.8 percent in the last quarter of 2010 on a seasonally-a...
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Format: | Report |
Language: | English en_US |
Published: |
World Bank, Bangkok
2017
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Online Access: | http://documents.worldbank.org/curated/en/818191468132279260/Thailand-economic-monitor-April-2011 http://hdl.handle.net/10986/27244 |
Summary: | The pace of economic activity is
gradually returning to pre-crisis levels. After a
roller-coaster of sharp drops, vigorous rebounds and mild
contractions, Gross Domestic Product (GDP) was up 4.8
percent in the last quarter of 2010 on a seasonally-adjusted
annualized (SAAR) basis, closer to pre-crisis, normal
levels. For 2010 as a whole, GDP expanded by 7.8 percent
from 2009. Growth was broad-based, with significant
contributions from external and domestic demands.
Thailand's economy is one of the most energy intensive
in the region because of the large (and growing) share of
energy-intensive manufacturing in the economy and high
proportion of cargo transported by trucks. Thailand can
reduce its vulnerability to oil price shocks by raising fuel
standards, improving tax incentives for conservation and
relying more on rail for cargo transport. |
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