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Thailands Economy


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How long can this go on before the economy really begins to suffer ?

Anti-government protesters encamped for weeks in central Bangkok promised more aggressive measures after the government rejected their proposals to end increasingly violent protests in return for early polls.

"Red-shirt" protest leaders called on their supporters in the countryside to confront the army and police. Their backers responded by blockading police convoys in at least two areas.

The stalemate rekindled fears of more unrest and a heavier toll on Southeast Asia's second-biggest economy as more retailers shut their doors and tourist numbers dwindle.

Prime Minister Abhisit Vejjajiva said he would soon scale back Thailand's annual economic growth forecast.

About 500 km (310 miles) north of Bangkok, hundreds of "red shirts" formed a roadblock in northeastern Udon Thani province and stopped a convoy of 150 police from heading to the capital to strengthen security operations, a local official told Reuters.

They formed another roadblock in Pathum Thani, about 50 kms (30 miles) north of Bangkok, preventing around 200 policemen from entering the city.

Police reinforcements are being brought into the capital to forcibly disperse thousands of protesters occupying some central areas, said red shirt leader Jatuporn Prompang.

"We will try to block every spot we can in a bid to stop killing. We don't want to see anybody die," he told Reuters.

continued .. http://www.reuters.com/article/idUSTRE63H06E20100425

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Even if there were no road blocks, i really doubt BIB will be useful anyway.

Army seems to be the one doing all the work and even they failing.

As for economy, i think it is already suffering and showing but not all facts have been disclosed at the moment.

With such a huge amount of money being lost from tourism, shop sales plus money being spent on army and police an economy like Thailand i doubt can just take the hit and survive.

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The economy is already suffering because of the political unrest, in fact you could make a good case to say its been suffering for the past 5 years..

Agreed, and investment is suffering due to Red shirt/Yellow shirt thing, Thailand as being seen by investors as "unstable" and goverments cant control people.

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