Thailand is facing projected growth of 5.1% for 2008, down from 5.6%. Trisanat Kongkhunthian for Thomson Financial News reports that the economy in Thailand is facing a projected gross domestic product of 4-5% for 2009. iShares MSCI Thailand Investable Market Index (THD) could be facing better days, too, if this turns out to be the case. THD is down 37.2% since its April 1 inception.
Last week, Spain unveiled a budget plan that forecasts a slimming deficit and moderate growth. The budget saw growth in this economy, which slid 1% in 2009, from 1.6% in 2008, reports Reuters. The European Commission expects Spain to enter its first recession in 15 years by the end of the year.
iShares MSCI Spain Index (EWP) could be affected, either way. It’s down 29.4% year-to-date.