Thailand

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Thailand's education system is one of the big winners from the government's recent economic stimulus package, while other reforms due to be implemented in May will encourage parents to keep their children in school and ease their financial burden.
Thailand is undertaking a massive fiscal stimulus programme to rejuvenate the country’s flagging economy, with the government planning to inject $38.9bn through a package of direct funding, incentives and spending on infrastructure intended to create jobs and support long-term development.
The slowing of Thailand's economy is expected to hit the construction sector hard, with a number of major developments being put on hold and investments for new projects drying up.
Despite the expected decline in worldwide tourism and Thailand's limited growth in the sector in recent years, the country should come out of the financial crisis relatively unharmed as Thailand finds itself in a unique position to capitalise on its competitive advantage as an affordable tourist destination.
OBG talks to Simon Williams, Chief Economist, Gulf Markets, HSBC
With adequate liquidity reserves and limited foreign exposure, Thailand has done better than its Asian peers in sustaining the full onslaught of the global financial crisis.

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