Thai political violence costs over $4 bln: Deputy PM

19:54, May 24, 2010      

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The recent violent movement in Thailand staged by the anti-government protesters could cost about 150 billion baht (4.63 billion U.S. dollars), Deputy Prime Minister in charge of economic affairs Trairong Suwannakhiri said on Monday.

"The country's image has been destroyed," the Bangkok Post's website quoted Trairong, who is in charge of economic affairs, as saying.

It could affect consumption by three percent, investment by three percent and tourism by 10 percent, Trairong said.

The country's gross domestic product (GDP) for the whole 2010 could be reduced by 1.0 percent to 1.5 percent due to the political violence, he said.

"What the government can do is to improve the country's services and tourist destinations," Trairong added.

In a related development, Prime Minister Abhisit Vejjajiva said during the post-political crisis, the government will focus on promoting investments and reconciliation.

Thailand is now in the process of reconciliation in all terms after the over-two-month long protest by the anti-government protesters ended on May 19.

Source: Xinhua


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