TOUGH TIMES FOR THAI PAINT SECTOR AS COUNTRY STRUGGLES WITH POLITICAL TURMOIL
October 1st, 2014
Thailand’s paint and coating industry is facing a challenging time as its country grapples with economic and political difficulties. Thailand’s economic growth has slowed significantly over the last two years. GDP expanded by 6.6% in 2012, as the country recovered from the devastating floods of 2011, which hit northern, north-eastern and central Thailand, as well as parts of Bangkok. However, growth then slowed to 1.8% in 2013, and is forecast to be 1.5% in 2014. In the first half of this year, GDP actually fell by 0.1%, following political gridlock and ...
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