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BoT: Past political unrest lowered GDP by 1%


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BoT: Past political unrest lowered GDP by 1%

 

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BANGKOK, 28th August 2018 (NNT) - The Bank of Thailand (BoT) and the Puey Ungphakorn Institute for Economic Research have jointly conducted a survey on the effects of political instability in Thailand on the economy over the past 20 years. 

The research found that three important political events affected the Thai economy the most, including the 2006 protest of the People's Alliance for Democracy, the protest by the United Front of Democracy Against Dictatorship in 2010 and the protest by the People’s Democratic Reform Committee in 2014. These three events made the Thai GDP drop 1%. However, the average impact on the economy throughout 20 years is 0.4%. 

After the last national election, there was still instability since people were concerned if the policy of the previous government would be continued and protests would occur again. The research found that it takes a year for the situation to return to a normal after a violent incident.

 
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-- nnt 2018-08-28
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25 minutes ago, Samui Bodoh said:

And what was the economic damage from the military coup(s)?

 

I suspect a lot, lot, lot, lot more...

 

 

 

Ssshhh...

 

Coups?What coups?

 

Obviously recent history is what they say it is and they can't detect a single coup in sight...

 

A strange blend of Franz Kafka and George Orwell without the funny bits-if indeed there were any funny bits.

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23 minutes ago, Samui Bodoh said:

And what was the economic damage from the military coup(s)?

 

I suspect a lot, lot, lot, lot more...

 

 

 

Yeah..

The twisted irony seems to be lost, as we conveniently forget the instigated nature of such political unrest. 

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Their collective memories can't be all that good. They have forgotten to mention how foreign investment stopped dead in it's tracks at the time of the "political unrest", more commonly referred to as the military coup led by Prayut Chan-o-cha.

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