http://www.bangkokpost.com/business/finance/436268/world-bank-revises-thailand-growth-to-1-5

Thailand has always been traditionally known to have an extremely tourism related economy because of its beautiful beaches and cuisine. However, recent statistics suggest that there is a downturn in the thai economy due to reduced spending by its residents and lesser tourists coming into the country due to political unrest caused by the thai militia. Its projected growth rate is at 1.5% for that very reason. However the future looks good Thailand as it slowly recovers from the political turmoil that it has faced in the past year or so. Public relations look good and so does the recent trade statistics that suggest an upwards trend for the country.

My personal recommendation to the country would be to increase their export industry even more as it holds as one of the biggest economic growth factors, especially rice and shrimp. Furthermore, the country should look at more interesting advertising campaigns to market their various islands, which are another source of monetary benefit as many tourists seem to respond to the beaches in Thailand rather than the metropolitan capital of Bangkok. Another factor which will help Thailand grow is the 324 million baht stimulation package which will increase four crucial ares of growth that will help Thailand increase their overall GDP. They are

• increased competitiveness in merchandise products
• better education standards in rural areas
• addressing social inequality through tax reforms
• Reduced energy consumption