August 26, 2008
Bangkok - The People’s Alliance for Democracy (PAD) rallies slight affected Thailand’s economy as economy was driven by the export sector, according to the Federation of Thai Industries (FTI).
FTI president Santi Vilassakdanont believed the protests against the government would not affect the economy much as the country’s economy was supported by export.
PAD demonstrators have seized many government buildings such as transport, agriculture and finance ministry.
Investors in the industrial sector were keeping up with politics closely.
Stock investment might be delayed as the protests affected the investors’ confidence in the short run.
The domestic consumption grew only 2% in the first six months of this year while the growth was up to 7-8% in the industrial sector.
