Thailand

Capital:Bangkok
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With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand enjoyed solid growth from 2000 to 2007 - averaging more than 4% per year - as it recovered from the Asian financial crisis of 1997-98. Thai exports - mostly machinery and electronic components, agricultural commodities, and jewelry - continue to drive the economy, accounting for more than half of GDP. The global financial crisis of 2008-09 severely cut Thailand's exports, with most sectors experiencing double-digit drops. In 2009, the economy contracted 2.2%. In 2010, Thailand's economy expanded 7.6%, its fastest pace since 1995, as exports rebounded from their depressed 2009 level. Antigovernment protests during March-May and the country's polarized political situation had - at most - a temporary impact on business and consumer confidence. Although tourism was hit hard during the protests, its quick recovery helped boost consumer confidence to new highs. Moreover, business and investor sentiment remained buoyant as Thailand's stock market grew almost 5% during the three-month period. The economy probably will continue to experience high grow well into 2011.

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