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No quick rebound this time, as clouds gather over Thai economy

By Orathai Sriring and Alex Richardson BANGKOK (Reuters) - Any comfort investors in Thailand draw from what happened four years ago, when economic growth, the stock market and foreign investment all surged despite deadly unrest in Bangkok, may be sorely misplaced. The latest bout of political strife will delay major government spending projects, and damage a lucrative tourism industry. And, even if Thailand's politics calm down, its economy will remain handicapped by weak private investment and rising household debt.

Thailand cuts economic growth forecast due to sluggish exports, auto production

BANGKOK - Thailand on Monday cut its economic growth forecast for this year after exports fell short of expectations and consumer spending faded. Southeast Asia's second-largest economy is likely to grow 3 per cent this year instead of 3.8-4.3 per cent predicted in August, the National Economic and Social Development Board said. Export growth was lower than expected while the domestic economy was mainly driven by government expenditure, the economic planning agency said in a report.

Thai central bank seen holding rate steady on Wednesday: Reuters poll

BANGKOK (Reuters) - The Bank of Thailand's monetary policy committee on Wednesday will leave its benchmark interest rate at 2.50 percent for a second straight meeting, despite the economy shrinking in the second quarter, a Reuters poll of economists showed. With inflation benign, the committee can hold the rate now and retain room to ease policy later if the economy continues to disappoint, they said.

Thai economy shrinks in April-June

Thailand's economy shrank 0.3 percent in the three months to June, the second quarterly contraction this year, as lacklustre demand hit manufacturing and exports, data showed Monday. However, the slide from the previous quarter was better than the revised 1.7 percent contraction in the three months to March as the country recovers from devastating floods in late 2011 that swamped major factories.

Bank of Thailand leaves key rate on hold

Thailand's central bank on Wednesday left its benchmark interest rate unchanged at 2.50 percent, pausing after making the first reduction in borrowing costs in seven months in May to bolster the flagging economy. A slowdown in China has offset signs of improvement in the US and Japanese economies, while domestic private consumption weakened in the face of rising debt worries and the waning effect of measures to stimulate consumer spending, the Bank of Thailand said.

Thailand holds rates amid upbeat outlook

Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday, with policymakers citing the ongoing strength of the kingdom's economy. The Bank of Thailand said domestic demand was expected to continue to be a key engine for growth, supported by buoyant household income and high employment. "The Thai economy is projected to moderate towards a normal trend in the first quarter of 2013, after accelerating in the previous quarter," said assistant governor Paiboon Kittisrikangwan.

Thailand holds interest rates on brighter outlook

Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday in the wake of data showing record economic growth in the fourth quarter of 2012. The Bank of Thailand said the global economy had shown signs of improvement, while the Thai economy was supported by firm domestic demand and stimulus measures. "The economy is expected to grow faster than previously projected in the periods ahead, with domestic demand being a key growth driver together with a gradual recovery of exports," said assistant governor Paiboon Kittisrikangwan.

Thai economy soars in Q4 on post-flood recovery

Thailand's economy enjoyed record growth in the fourth quarter of 2012 as industry recovered from the impact of the kingdom's worst floods in decades, official data showed Monday. Gross domestic product (GDP) soared 18.9 percent in the three months through December from the year-earlier period according to the government's National Economic and Social Development Board (NESDB). GDP rose 3.6 percent compared with the previous quarter. Strong domestic and international demand helped to drive the strong performance, said NESDB secretary general Arkhom Termpittayapaisith.

Thailand in Vogue with launch of local edition

By Amy Sawitta Lefevre BANGKOK, Jan 30 (Reuters) - Squeals of delight erupted from two Thai women dressed in elegant designer labels as they scanned a rack of fashion magazines at a high-end Bangkok shopping mall, then pounced on the object of their quest: a copy of the Thai edition of Vogue. "It's here, it's here," shouted Athitiya Santisuk, 31, to her friend as they eagerly turned the glossy pages.
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