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Asia

Gloomy Outlook for Thai Economy in 2009

Thailand's economy is likely to grow by only 1 per cent next year, the finance ministry said earlier this week.

The week-long occupation of Bangkok airports has caused billions of dollars of economic loss

The week-long occupation of Bangkok airports has caused billions of dollars of economic loss

One of the reasons for this sharp slowdown is the global economic crisis.

But the political uncertainty in recent months, particularly the week-long occupation of the capital’s two main airports by protestors in December has had a huge impact on the economy too.

The new Prime Minister Abhisit Vejjajiva has however pledged to fix the country's economy with a new stimulus package.

The 44-year-old former Democrat Party leader was elected prime minister by parliament ten days ago, after an earlier court verdict disbanded the ruling party loyal to ousted former leader Thaksin Shinawatra.

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  • Date 25.12.2008
  • Author 25/12/08
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  • Permalink http://p.dw.com/p/LsAT
  • Date 25.12.2008
  • Author 25/12/08
  • Print Print this page
  • Permalink http://p.dw.com/p/LsAT