ERI Discussion Paper Series No.49
Recent Economic Developments and Future Trends in Thailand

March 1990
Chawtip Smithinant
(National Economic and Social Development Board)


In the early 80's, the Thai economy faced with difficulties alongside other developing countries as a result of the second oil shock during 1979-1980. This was aggravated by the rising interest rates during 1972-1982 and the increased protectionism in the developed world. The macroeconomic situation deteriorated rapidly as the inflation increased to as high as 19.7 percent in 1980 with the current account deficit of 6.4 percent and 7.4 percent of GDP during 1980 and 1981 respectively.

Structure of the whole text

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  2. page1
    Recent Performances
    1. Issues
    2. Strategies
    3. Outcom
    4. The turning point
  3. page5
    Development Trends
  4. page7
    Towards the 90's
  5. page12
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