September 10, 2008
Bangkok - World Bank believed Thailand’s political situation would affect its economy only in the short run.
The impact only lasted for a short time, resulting in dropping number of foreign tourists in the country.
The investment sector was not affected much, according to World Bank’s senior economist Ms. Kirita Paopichit.
She said that investors would consider the continuity of the government’s policy, adding that investors gave importance to the elected government.
“Thai economy will pick up as soon as the political problem ends. High export revenue will make up for shrinking revenue in the tourism sector.”
The World Bank will review Thailand’s economic figures in December.
Factors such as inflation, weakened baht currency, world economy, Thai economy, political situation, and household consumption would be taken into consideration.
