Outlook gets better for Thailand and Indonesia

Thailand Indonesia and the Phillippines (TIPs) have seen restructuring and are coming back onto fund manager radar screens, according to Margaret Gadow, senior fund manager at Gartmore. While Thailand and Indonesia are experiencing positive economic situations, both continue to labour under political uncertainty. The economic backdrop in Thailand is positive, says Pinakin Patel, head of emerging markets at RSA Investments. He adds: 'Consensus is that GDP growth will be about 2.4% and some analysts are looking to upgrade this. Leading indicators for the Bank of Thailand and export busines...