Thailand putting off tough reforms

It is three years since the collapse of the Thai baht ushered in Asia's economic and financial crisis. Since then, Asia's outlook has improved dramatically. Despite this, several key issues still pose a threat to the continued recovery of the region. Foremost is the state of the real US economy, secondly, the interest rate cycle in the US is a key concern. Finally, the ongoing pace of reform is crucial. This must be maintained if any recovery is to be sustained. Within Asia, our views on the outlook for the region's key markets has diverged significantly. The outlook for the Far East'...