Has Thailand Ever Recovered from 1997?

Taking a turn reading Business Report Thailand, and article which highlighted the country's increasingly apparent lack of forward planning captured my attention.
Leading economic guru Dr. Sethaput Suthiwart-Narueput was quoted that in actual terms of both government sponsored and private sector investment today was sill less the 3/4th of what is was prior to the 1997 Asian contagion.
He adds that Thailand is the only country is Asia to experience this negative impact.
At a time when the current government is fighting fires to make good on election promises and aid the post flood recovery from late last year, the Board of Investment (BoI) policy has remained stagnant in terms of large scale reforms or initiatives.
For the moment, nearby Mynamar remains a hot topic and for Thailand a question mark remains over what is the long-term way back home.