Slowdown in Bangkok Office Market

The country of bank cock saw the great setback during the early 2007. It was an election time in Thailand and it badly affected the market. You must remember that period. There was a chaos all around. The PPP won the battle and Sundaravej was crowned as prime minister. This however was not the end of the lean period which came into scene due to election. However it is quiet general that the country where elections are held suffers from the economic crisis on most of the case. Recently the US as well went through a general presidential election. Obama has come out victorious and he will take the position from Bush in January 2009.

I just want to emphasize on one point and that is you will see the entire disturbance in Thailand due to elections. I really love what follows in US. The new government is elected but it is only after few months that they took the charge. This is really a better procedure. You will definitely find it better. However this is not the case in Thailand. The government abruptly comes into power. This is not good and ends up in chaos.

The impact of the political disturbance led to the GDP down fall from 4 to 5% to 3 to 3.2%. The political disturbance badly affected the stock market of the country. There was really very difficult period before and after the election. I really want to point that it was only due to elections that the Thai people saw the lenient market. However it improved once the elections were over. However then came the turn of the global downfall. The whole world fell in the trap of the real economic downfalls.

This period was really not coming to an end so quickly. Almost every economist knew this and you must know that the whole Thailand is still experiencing similar type of setback. You will definitely find that the country has not yet overcome from this downfall. However this is not just the Thailand. In fact the whole world is experiencing this downfall.

The question arises that what is going to be the future of this crisis. This is really very sad to see that the world is experiencing this downfall. The government of Thailand is also very serious and really wants to get their country out of this crisis. But the reason is lying in Thailand only. The reason for this crisis is global. Hence a single government cannot do the job. I must say that they have really to look for the whole world economy. This crisis will take some time to be over. This is what all the economists feel.