In my relatively short investment career in Thailand, I’ve seen the country experience the bird flu pandemic, tsunami in phuket, military coups, capital controls, riots, global financial crisis, swine flu, more riots, airport shut down, and yet this wonderfully silly country just somehow seems to always recover both in terms of economic performance and stock market performance, just see below to be amazed.
Chart 1 – SET Index
Table 1: Historical GDP Growth
So will Thailand recover from this flood crisis? Absolutely and it will surprise all the naysayers yet again.