21. Though Thailand won the latest battle in the foreign exchange market, its high interest rate defense will be costly to the struggling Thai economy. 22. While the rescue package is expected to shore up international confidence in Thailand, the hard work of changing some aspects of the Thai economy lies ahead. 23. Yet the moves could hurt the Thai economy by increasing corporate debt burdens and raising prices of foreign-made auto parts and other imports. 24. Parent companies in Japan believe for the long term, the Thai economy will recover if it receives financial support from overseas sources. 25. Pornsanong said that as the Thai economy has not hit bottom the non-banking sector still needs recapitalisation and additional bankruptcies can be expected. 26. - Has the Thai economy turned the corner? 27. A stock market analyst recently likened the Thai economy to a junkie whose addiction is to capital rather than heroin. 28. After the decade-long high-flying growth, the Thai economy is slowing down due to over-expansion and the bursting of the real estate bubble. 29. Analysts have blamed a slowdown in the Thai economy and tighter landing restrictions by commercial banks for the flagging sales. 30. Analysts have blamed a slowdown in the Thai economy and tighter lending restrictions by commercial banks for the flagging sales. |