Thailand International Political Economy

The Thai central bank lowered interest rates to 1.5 percent in an effort to spur the Thailand economy according to MarketWatch.

In addition to the reduction in rates, the Thailand government also revised its 2009 Thai economic outlook to between a 1% contraction and 0% growth.

In addition, Thai government officials have forecast another 100,000 in job loses as the global economic crisis continues to impact the Thai economy.