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Thai Economy Reels From Monthlong Unrest




Gathering of the United Front of Democracy Against Dictatorship (UDD)

Thai troops patrolled Bangkok’s financial district on Monday in a show of force as protesters threatened a march on Tuesday that could incite a new confrontation.

With the nearby commercial center already paralyzed by thousands of protesters, the prospect of a demonstration in the financial district seemed emblematic of the economic costs of the monthlong unrest.

Fitch Ratings announced a cut in Thailand’s long-term currency credit outlook to negative from stable, citing the country’s continuing unrest.

The index for the nation’s main stock exchange, the SET, dropped for a third day by 1.3 percent to close at its lowest level in five weeks.

In another indication of flagging confidence, Amata, the country’s biggest seller of industrial land, said some Japanese clients — their biggest customers — had delayed signing deals.

via Thai Economy Reels From Monthlong Unrest –


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