Description
The real sector has shown clear signs of a possible turning point from further decline to recovery. However, in the absence of an appropriate balance among the financial, capital, and labor sectors, such trends are unlikely to continue.
Even though the price of goods, wage rates, and unemployment are decreasing, excess capacity nevertheless continues in most areas of the real economy. Although recent statistics have shown that capacity utilization is improving from its worst of 50 percent during 1998-1999 as compared to its peak level at 80 percent during 1995 which represents the last peak of the business cycle.
Exports are the key to bringing Thailand out of depression. If and when restructuring activities are successfully implemented, trade conditions will improve, and in turn, exports and profits will increase. According to recent records, exports and profits respectively increased by 3.31 and 10.31% during the period of January and August 1999.
ISBN:9788988164129
