Struggling Out of Recession, Thailand Pays Price for Populist Policies

Newswire

By Martin Petty and Orathai Sriring BANGKOK, Oct 31 (Reuters) - The Thai economy has struggled free of recession, but latest data is hardly encouraging for a government that is banking on a recovery in slumping exports to offset the heavy cost of populist policies aimed at preserving its power. Exports, which account for more than 60 percent of the economy, fell 6.3 percent in September from a year earlier and private consumption dropped 1.3 percent from August. Private investment ...

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