Country Economic Review: Thailand
Asian Development Bank | October 2000
In 2000, Thailand’s economy continued to recover from the currency and financial crisis that erupted in 1997. However, recovery was incomplete and only some of the income lost as a result was restored. Real gross domestic product (GDP) grew at 5.9 percent year-on-year in the first half, but slowed to 3.1 percent in the second half of the year. For the year as a whole, real GDP grew by 4.4 percent. Faster growth in the first half of the year was propelled mainly by strong export performance, the lagged effects of an earlier fiscal stimulus, and accommodative monetary conditions. Slower growth in the second half was attributable to less favorable external demand conditions and political uncertainty ahead of the January 2001 national election. The global economic slowdown is having a significant impact on the Thai economy. In the first half of 2001, considerably weaker export growth together with sluggish domestic demand led to a GDP growth rate of 1.9 percent year-on-year.
CitationAsian Development Bank. 2000. Country Economic Review: Thailand. © Asian Development Bank. http://hdl.handle.net/11540/6342.
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