A volatile currency market, a slowing world economy amid war in Europe and raised geopolitical tensions as well as a brush this week with political uncertainty means that Thai policymakers must be constantly on guard even to achieve the paltry 3% to 3.5% growth that is being pursued this year. A very comfortable foreign exchange reserve level has, so far, protected the kingdom but even this has been falling since March.
Joseph O’ Connor reports from Bangkok.
By: Thai Examiner
Title: Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track
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