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What is Thai Bond Market Overview about?

Thailand was severely impacted by the Asian financial crisis in 1997, with GDP falling 10.2% in 1998 and over 50% of bank assets becoming non-performing. The government ran large budget deficits from 1997-1999 to stimulate the economy, increasing government debt from 16% of GDP in 1996 to a projected 49% of GDP in 2001. The crisis prompted reforms to develop Thailand

Author

owltbig

Language

EN