What happened this past week?

Its been a quiet week in terms of economic news and events, which is perhaps why markets have just been in a lull globally without major movements either way.


  1. Thai government keeps VAT at 7% for another 2 years
  2. The transportation ministry will submit the Motorway project valued at Bt 114 bn to the cabinet
  3. US housing market continues to improve


  1. Red shirts amass outside Thailand’s constitution courts awaiting bail decision (which in the end was postponed)
  2. Thai Agriculture Ministry cut its growth forecast for this year from 4.5%-5.5% to 3.8%-4.8%
  3. Euro crisis has a strong negative impact on Thailand’s exports

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