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Thailand Economic Report 2006 by the Asian Development Bank Summary: "Strong exports drove economic growth in 2006. Domestic demand was dampened by rising interest rates, flooding, and political uncertainties. Inflationary pressures eased in the second half or the year, paving the way for the central bank to start lowering interest rates early in 2007. Economic growth is projected to be slow in 2007. Outlook depends heavily on elections actually being held and on the incoming Government providing a clear and credible economic program." "Despite the capital controls [...that would eventually be lifted] the Thai baht ended 2006 strongly at 36.05 THB/USD..." (32.50 THB/USD 19th April 2007 Exotic currencies Real time quotes) |