Hello again, and welcome to As It Is! Im Jonathan Evans in Washington.
On our program today, we bring you two reports dealing with major economies in the Asia-Pacific area. We tell you which Japanese carmaker says it will move its manufacturing out of Australia. Hear that report later in the program. But first, we hear how continuing political unrest in Thailand threatens the countrys economy. Christopher Cruise has more.
Political Unrest Threatens Thailands Economy
Economists are warning of slower growth in Thailand, Southeast Asias biggest economy. In February, a major credit rating agency reported that continued political unrest in Thailand could hurt the countrys economy. In its report, Fitch Ratings noted a reduction in manufacturing and sharply lower sales of goods and services. Fitch said the trust of both Thai consumers and businesses is at its lowest level since the huge floods of .
Some foreign investors have become concerned. The president of Toyota Motor Corp in Thailand warned that long terms investors may put their money in other areas, like Indonesia or Vietnam.
Chris Bake is an expert on business in Thailand. He says major foreign investors are concerned about the elections that took place in February. They fear the lack of a clear winner will frighten investors. He also says carmakers and related businesses are concerned the government will be unable to make serious policy decisions.
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