Reasons for Thailand to smile?
Thailand's energy sector is struggling to cope with rising demand and maturing fields. Investors are not flocking to help
A military coup in Thailand in May 2014 was hardly unusual for the country. It has been ruled by military governments 12 times since the end of absolute monarchy rule in 1932, but still managed growth at an average annual rate of 7.5% during the boom years of 1960 to 1996. Growth at that level has, however, yet to reappear under the latest military junta. Still, some are optimistic. The World Bank predicts that Thailand's GDP will grow 3.2% this year, up from 2.5% in 2016. The rulers have announced a raft of measures designed to stimulate growth, part of a 20-year strategic plan outlined in March this year. The plan also promised general elections in 2018, though a vote has been promised rep
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