I don’t track Thailand so I was surprised to see this chart in the FT. I tot that with the events there, foreigners would be breaking down the walls in an attempt to exit the country.
FT went on to say, Investors do not wish to pull out of one of the most open and investor-friendly of east Asia’s fast-growing economies, where the government has, within the past month, raised its 2010 GDP increase forecast from a range of 3.3-5.3 per cent to 4.3-5.8 per cent.
In a note published on Beyond Brics, the Financial Times’s emerging markets hub, Standard Chartered Bank said the baht had been “remarkably stable during the political turmoil”, because the market had largely accounted for the unrest, and economic fundamentals were “relatively solid” in view of Thailand’s big foreign exchange reserves, substantial current account surplus and economic growth.
Could we see a delayed reaction? Or are those still in there the value investors. Time to check out the place?