Thailand

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The government in Thailand is hopeful that a weakening of export sales to Europe will be offset by rising demand for Thai goods and services among fellow ASEAN countries and the US.
The economy has enjoyed a good first half of 2011, with exports on the rise, GDP expanding and foreign direct investment flowing in, though fears that the general election held earlier in July could spark a further wave of political instability have eased following a relatively smooth democratic transition process.
With fresh incentives attracting multinationals to locate in Bangkok, the capital is getting ready to adopt the next generation of building standards. Smart money these days is on environmentally conscious “green building” that combines cost-efficiency, social responsibility and productivity gains.
Having bounced back from a lean period in 2008-09, when its main airport was shut by protests and overseas visitor numbers fell following the onset of the global economic downturn, Thailand’s aviation industry is now looking to expand its ground facilities and fleet size.
Solid growth is expected in Thailand’s tourism sector this year, proving once again its resilience to natural disasters, political instability and economic slowdown.
The government of Thailand is struggling to maintain a balance between its efforts to lower the budget deficit and its policy of mitigating the impact of rising prices, with fiscal prudence coming into conflict with social responsibility and political expediency.

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