Thailand’s economy isn’t a Land of Smiles
Thailand’s worst drought in a decade appears to have ended, but the damage could cast a shadow on the economy for months to come.
The crippling dry weather that first emerged in late 2014 is no longer present in the country’s 67 provinces, the deputy head of Thailand’s disaster prevention department told Reuters last week. But with more than 40 percent of the country’s population engaged in agriculture, the drought has exacerbated troubles in an economy already weighed by slowing manufacturing, shrinking exports and rising external debt.
