Stability returns to Thailand
Following a demand peak in 2013, political instability impacted on Thai cement consumption the year after as growth stalled. However, market expansion is expected again on the back of the new government’s stimulus package and the launch of state infrastructure projects.
After registering an advance of 6.49 per cent in 2012, Thai GDP growth slowed to 2.8 and 2.5 per cent in 2013 and 2014, respectively. Political gridlock and protests that culminated in a military takeover of the government in May 2014 damaged business and consumer confidence in the first half of the year.