Thailand International Political Economy

The Bank of Thailand has left interest rates unchanged in order to help spur the Thailand economy according to WSJ.

The current interest rate for the Thai economy stands at 1.25 percent and is expected to remain at this level throughout the rest of the year with a possible slight increase in 2010.

More concerning is that fact the Thailand economy is expected to decline by as much as 3 percent in 2009 as compared to many of its Asian neighbors that despite the global recession continue to show positive economic growth.