Thai economy shows significant growth

The Thai economy grew by 9.1 per cent in the second quarter of the year, according to the latest figures, which could be good news for anyone looking for property in Chon Buri.

This was compared to 12 per cent growth in the first three months of the year and came amid political violence and protests in April and May.

High global demand boosted exports from the country, which grew by 42 per cent in the three months to June, fuelled mainly by shipments of auto parts and electrical appliances.

Investment also grew, following five consecutive quarters of contracting.

Earlier this month, it was reported that the Asia Pacific region is leading the global property recovery, with recovery in Europe and America being more laboured.

According to the second quarter International Residential Review from Chesterton Humberts, recovery in the region is being fuelled by both lifestyle and investment buyers, with demand remaining "firm".
 

Like this? Then share with your friends and colleagues!