robaus Posted February 20, 2012 Report Share Posted February 20, 2012 We've been very lucky down here in Pattaya..apart from a shortage of deliveries of Tonic Water for my sundowner G&Ts. Thailand's economy contracted sharply in the last three months of 2011 after some of the worst flooding on record disrupted manufacturing. Gross domestic product declined by 9% in the three months to December compared to a year earlier, the National Economic and Social Development Board (NESDB) said. Compared to the previous three months, the economy contracted by 10.7%. Brighter outlook? Analysts said despite the poor numbers, the future outlook was not as bleak. "The fourth-quarter figures reflected a worse-than-expected impact from the floods. The overall picture going forward will pick up," said Pimonwan Mahujchariyawong from Kasikorn Research Centre. Full article at http://www.bbc.co.uk/news/business-17093011 Link to comment Share on other sites More sharing options...
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