I read a report in The Nation (Thai Falang newspaper) that stated that the baht was not artificially high, rather the western currencies were all devalued due to the massive trade deficits that most of the west is encumbered with, as opposed to the fact Thailand (apparently) has a export surplus. I guess this could be true and a rational explanation.
It would appear that although yes, the tourism sector has taken a drubbing, the rice keeps growing and the Toyotas keep selling.
It sounds at least feasible.
It would appear that although yes, the tourism sector has taken a drubbing, the rice keeps growing and the Toyotas keep selling.
It sounds at least feasible.
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