Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>   Thailand News   >> Economy  >>  Thai economy seen turning around
NEWS UPDATES 
30 July 2009

Thai economy seen turning around

Related Stories

July 10, 2009
Thai confidence rebounds after loan bill gets approval

June 20, 2009
Thai shipments drop 27%, deepest since 1992

June 18, 2009
Thai lawmakers give greenlight to $22bn stimulus loan

June 14, 2009
Thailand hopes to offset export drop with rise in consumer spending

The Thai economy in June, and the rest of the second quarter of this year, began to show signs of recovery, with the production sector shrinking at a slower pace and purchase orders from overseas increasing, state news agency TNA reported, citing the Fiscal Policy Office (FPO).

Private consumption and exports showed signs of improvement from earlier contraction, but private investment continued shrinking, TNA quoted FPO Director-General Somchai Sajjapong as saying.

The economy had stabilised with the unemployment rate declining and employment in the production sector picking up. Simultaneously, the country’s international reserves remain at a healthy level.

Given these positive factors, the FPO believes the economy had already bottomed out in the first quarter of this year and contracted more slowly in the second quarter. It is expected the economy will further recover in the third quarter and resume positive growth in the fourth quarter.

He said FPO will revise the country’s gross domestic product (GDP) for 2009 in the next two months. It had earlier forecast GDP would contract 3 percent this year.

 


 


Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com