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Thailand economic monitor (Английский)

This volume has the following assessment about the Thai economy: The economy is still in the midst of a recession, with net exports as the only positive expenditure component of Gross Domestic Product during 1998. The prospects for growth in 1999 looked dim but the large fiscal stimulus package, lower interest rates and exchange rate stability provide the basis for a cautious optimism. The combined effect of increased deficit spending, increasingly...
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