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WorldJuly 2 2012

After the floods: Thailand plays catch-up

Devastating floods and political instability saw Thailand's economy grind to a halt in late 2011. However, the country's banks have emerged relatively unscathed, and with its economy now growing at a good pace, the country is looking forward to experiencing good times similar to those that its south-east Asian neighbours have enjoyed.
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After the floods: Thailand plays catch-up

A country that has been characterised of late by political tensions and flooding, Thailand is now bouncing back from its troubles and catching up with its Asian peers. As growth in many Asian countries begins to show signs of slowing, banking executives are upbeat about the prospects for the Thai market. 

“It is an exciting time,” says Dr Kobsak Pootrakool, executive vice-president at Bangkok Bank, who is encouraged by many investment projects taking place in the public and private sector. Also, he notes, there is growing interest from foreign investors, who are attracted by Thailand’s sizeable domestic economy, as well as its prime location as a springboard to the countries that make up the Association of South-east Asian Nations. 

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