Thailand in crisis as state of emergency is called

Discussion in 'Thailand property' started by Nicholas Wallwork, Apr 14, 2009.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    The growing unrest in Thailand is damaging the reputation of the country, but is this an investment opportunity or the start of more serious long term issues?

    Check out our article entitled "Thailand in crisis as state of emergency is called" and let us know what you think.
     
  2. egeefay

    egeefay Senior Member

    Three years into Thailand's divisive political standoff, neither side appears anywhere near winning a decisive victory -- and as the fight drags on, the country's economy is losing.

    "The whole vicious cycle seems set to continue," said Danny Richards, senior economist at the Economist Intelligence Unit.

    Most foreign portfolio investors have fled. Foreign direct investment, already hit by the global financial crisis, is also under threat: the last thing embattled multinationals need as they weather a worldwide storm is a country with intractable political problems. And tourism, a key pillar of the economy, is damaged every time international TV networks broadcast footage of violent confrontations in the so-called "Land of Smiles".

    (for the full article
    Can Thailand break out of its downward spiral? | Markets | Analysis | Reuters)
     
  3. shubh

    shubh New Member

    Such kind of social disturbances are motivated for political reasons. These agitations or Govt’s practice to restore the law and order conditions are not going to affect the property market. Though the pace of improvement of the real estate market will be slow like that in other countries.
     
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