The economic growth of Thailand is mostly sustained by exports. However, recently a political crisis over several months continues to make its local consumption and investment slump and even curbs economic growth. That is to say, political situation plays an important role in economic growth which is mostly estimated with GDP.
The National Economic and Social Development Board said the second quarter gross domestic product is 4.9%, year to year percentage change, slowing from 6.1% rate in the first quarter.
At the same time, exports in the second quarter increased by 16% from a year earlier. Agricultural and electronic products are the majority of exports.
The political situation of Thailand leads many business to delay investment decisions. Free-trade talks with Japan and the U.S. are also postponed until the political situation turns better.
On a quarter basis, GDP grew to 1% compared with 0.8% in the first quarter. But on an annualized basis, growth in Thailand has......

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Title: Political Instability Curbs Thailand`S Economic Growth
Approximate Word Count: 543
Approximate Pages: 3 (250 words per double-spaced page)

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