World Bank warns of falling investment

[jinks]

Warning of plummetting confidence in Thailand, the World Bank on Thursday dropped its forecast for economic growth in 2007 to 4.3 per cent.

The Bank's report warned that confidence in the kingdom's investment climate has hit a historic low and must be restored to improve future prospects.

"Low investment confidence - and it is at one of its lowest points - is the Thai economy's biggest weakness in the short-term," said Kazi Matin, the WB's lead economist on Thailand.

Full Story : Bangkok Post

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In the meantime, Thai baht is still at its hightest in 9 year.

In the meantime, Thai baht is still at its highest in 9 years.

That's a big part of the problem!