Thailand is booming -- the pace of its economic growth this year is the strongest it has been since 1995. A large factor is the surge in exports, which rose by 47.1% in June to a record $17.9 billion. “We are surprised by the rebound in exports and also the level in private investment and consumption,” said Finance Minister Korn Chatikavanij.
Thailand's economy grew by 12% in the first three months of 2010, and maintianed its growth even when anti-government riots rocked the country in the second quarter of the year.
The central bank has raised the benchmark interest rate for the first time in two years. It has also forecast an economic growth for Thailand this year between 6.5% and 7.5%, though Chatikavanij believes that 8% may be attained if things continue to go smoothly.