Thailand Economic Outlook
February 24, 2015
The Thai economy barely grew last year as prolonged political unrest weighed on key economic drivers such as tourism, exports and investment. However, a notable acceleration was recorded in the fourth quarter when GDP expanded at the fastest rate in over a year. The military government has undertaken a number of measures to revive the economy over the past six months, including relaxing martial law in some key areas for tourism and boosting public investment. Q4 data, however, show that domestic demand remains weak. Meanwhile, the government is still working on drawing up the new constitution, which is set to be finalized by the end of July. The completion of the constitution is an important step as it will pave the way for democratic elections.