Thai consumer confidence slides to 12-year low on prolonged unrest


  • World
  • Thursday, 06 Mar 2014

BANGKOK (Reuters) - Thailand's consumer confidence tumbled to a 12-year low in February, a survey showed on Thursday, highlighting the toll that prolonged political unrest is taking on Southeast Asia's second-biggest economy.

The economy has been nicknamed "Teflon Thailand" for its past resilience to turbulence, but consumer sentiment was weaker last month than it had been even after the devastating floods of late 2011, violent political unrest in 2010 and a deadly tsunami in late 2004.

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