And here we go on the merry go round, yes Thailand’s GDP was slow in 4Q13, my thoughts?
one – politics,
two – No matter what 4Q13 vs 4Q12 was going to look rubbish anyways,
three – it will recover, its not different this time, political issues will disappear (perhaps only temporarily), and business will continue as per normal,
four – Market is up today despite this news, nearly +2% for the year already, not too shabby.
Thailand’s economy grew at the slowest pace in almost two years last quarter as political unrest hurt local demand and tourism, increasing pressure on the central bank to cut interest rates and support expansion.
Gross domestic product rose 0.6 percent in the three months through December from a year earlier, the National Economic & Social Development Board said in Bangkok today. The expansion was the smallest since the first quarter of 2012,