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| Author: | Fairclough, G. |
| Title: | Facing new realities |
| Journal: | Far Eastern Economic Review
1996 : AUG 15, VOL. 159:33, p. 38-42 |
| Index terms: | TRADE INVESTMENT THAILAND |
| Language: | eng |
| Abstract: | Politicians' spending clashes with the need for fiscal discipline -- this is the main point of research of the present article. Thailand's economy, for years one of the fastest-growing in the world, is starting to slow down. The Bank of Thailand reckons that gross domestic product will expand just 7.8% this year, the slowest growth in a decade. Worried that the economy was overheating last year, the central bank put on the brakes in an effort to curb mounting inflation and bring the country's ballooning current-account deficit under control. |
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