Emerging markets funds: Turkey, Singapore, Thailand (Emerging Index) | The Emerginvest Stream
ETF iShares MSCI Thailand (THD)
The Thai economy was crushed in 1998 during the Asian currency crisis, but more than 10 years later, she returned in much better shape. Exports grew only in the last year the most in 20 years by 46.3 %. However, most economists predicted more than a 30 % drop.
Base rate of the Bank of Thailand is now 1.5 % but is expected to grow this year to 6 %. Even the International Monetary Fund predicts growth in the economy this year by 8 %.
Exporters in Thailand can also celebrate. Many European, Japanese and U.S. companies moving their production to Thailand mainly from China because of price increase. Sales to the United States and Europe jumped 37 % and to China 26 %.
The Thai economy was crushed in 1998 during the Asian currency crisis, but more than 10 years later, she returned in much better shape. Exports grew only in the last year the most in 20 years by 46.3 %. However, most economists predicted more than a 30 % drop.
Base rate of the Bank of Thailand is now 1.5 % but is expected to grow this year to 6 %. Even the International Monetary Fund predicts growth in the economy this year by 8 %.
Exporters in Thailand can also celebrate. Many European, Japanese and U.S. companies moving their production to Thailand mainly from China because of price increase. Sales to the United States and Europe jumped 37 % and to China 26 %.
