Thailand soars with 18.9% growth

It’s not a bird nor an airplane. It’s the Thai economy. This Asian nation soared by an eye-popping 18.9% in the 4th quarter of 2012. It’s a record performance that was attributed to low base in the same quarter in 2011 and recovery efforts that allowed the industrial sector to move past the devastating impact of the worst flood in decades. After growing a meager 0.1% in 2011, when floods swamped 65 of the 77 provinces in the country and crippled production in the auto and electronics sectors, Thailand performed a remarkable 6.4% in 2012, putting it on par with Philippine’s 6.6% performance and Indonesia 6.23%.


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