A few months after Thailand was gripped by a crippling political crisis that led to bloody protests in Bangkok, the country has achieved greater stability and is on track to meet its growth forecast this year, the country's prime minister Abhisit Vejajiva told CNBC on Monday.
"We don't pretend that it's easy to achieve normalcy and complete stability given what's happened early in the year," Abhisit said.
"It's clear that it hasn't prevented us from making progress as far as the economy is concerned. And when you ask whether the stability is real, whether the money keeps coming in is for real, I would point to fundamentals in the real economy," he said.
Thailand's GDP rose 10.6 percent in the first half of the year and is expected to grow between 7 and 8 percent this year which is "not bad at all", the premier said.
The Bank of Thailand, which raised interest rates twice since July, has forecast growth of between 6.5 and 7.5 percent in 2010. Thailand's inflation rate currently stands at around 3.5 percent while the country's unemployment rate is just above 1 percent.
The economy's robust performance has shown that it is capable of rebounding from frequent political upheaval, some experts have said.
Exports have risen around 30 percent so far this year while the tourists are coming back, Abhisit noted.Page 1 of 2 | Next Page