Thai Gdp May Grow At Slowest Pace In 2 Years As Spending Stalls

no unicorns or lollipops here......reality is oh so painful

Thai GDP May Grow at Slowest Pace in 2 Years as Spending Stalls

Thai consumers have cut spending on new houses, automobiles and other products amid street protests, hurting profit at companies such as C.P. 7-Eleven Pcl and Land & Houses Pcl.

Earnings at Land & Houses, the country's biggest homebuilder, fell 3.6 percent in the three months, following a 26 percent slide in the prior quarter.

Weaker U.S. demand is hurting Asian export-dependent economies, which are almost twice as reliant on sales abroad as the rest of the world.

http://www.bloomberg.com/apps/news?pid=206...&refer=home