The recovery is expected to strengthen moderately, with real GDP growth projected at 3 percent in 2016 and 3.2 percent in 2017. A slight improvement in confidence and low energy prices foreshadow a pickup in private consumption.
Thailand is currently at an important crossroads. Major changes are occurring in the economic, social and political spheres that will have far reaching implications for the future of this country.
The biggest of online platforms have grown to a scale never before seen, and their users are increasingly international.
Earlier this week, the Securities and Exchange Commission (SEC) again demonstrated to its state regulating peers that it is doing its job to enforce rules reported the Bangkok Post
As the Royal Thai Army plotted its coup against the democratically-elected government in May 2014, Thailand was the second largest economy in ASEAN, and stood on the brink of signing a landmark Free Trade Agreement with the EU.
The region's second largest market, Thailand, expanded by 5.2% in the fourth quarter after declining by almost 15% in the first nine months of the year. Buyers rushed into the market in the final months of the year ahead of scheduled increases in excise taxes on key models. The industry remains downbeat about the market's growth prospects this year, however, reflecting the sluggish domestic economy and the recent tax increases.
Strong evidence suggests that Indonesia will eventually replace Thailand to become the main automotive production hub in ASEAN, according to Markus Scherer, Global Automotive Sector Leader at Ipsos Business Consulting.
LCC passengers rose from 17.7 million in 2011 (a 26.6% market share) to 21.9 million in 2012 (28.8%), 28.2 million in 2013 (31.9%) and 35 million in 2014 (38.6%).