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During 2001-2004 the economy grew at a moderate, but the rate of growth was slower than in the booming 1980s and the first half of the 1990s.
The Thai economy in the second quarter of 2007 expanded by 4.4 percent picked up slightly from the 4.2 percent growth rate seen in the first quarter. The first half of year registered an overall expansion rate of 4.3 percent whereby exports of goods and services were the main contributors to economic growth. Expansionary fiscal stances both in term of current spending and capital expenditures also supported the growth momentum, having grown at 7.4 and 3...
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