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Bangkok Locked Down After Day of Chaos

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"Economists said Wednesday's rioting could further damage Thailand's economic prospects at a time when its peers are rebounding sharply from the global financial slump. In a report released after the protest leaders surrendered, Goldman Sachs economists warned that Thailand still faces a number of major hurdles before investors can be assured it is back on track, including the need to call new elections and pass measures to reduce the country's widening income disparity. Such overhauls require a stable political environment, the economists said, and "we believe the recent political events have pushed us further away from achieving that." Continuing uncertainties in the country's political climate "could put Thailand in a more disadvantaged position compared to its regional peers down the road."