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Our new country report on Thailand examines the state of Thailand’s economy. Real GDP grew by 6.4% in 2012, the fastest pace of expansion in nine years, as the economy bounced back from the previous year’s floods.
Despite all of its past political strife, global investors have taken a shine to Thailand. In 2012 the country’s main stockmarket index, the SET, surged by almost 36% to trade at record highs, outperforming every other bourse in Southeast Asia.
But stability is fragile and the government has remained in power partly because of its willingness to shelve contentious issues. How long can the economy grow at this pace with the government's populist policies and lack of reform?