Sign up | Log in



Home  >>  Daily News  >>   Thailand News   >>  Economy  >>  Thailand’s recovery picks up momentum in Q3

24 November 2009

Thailand’s recovery picks up momentum in Q3

Related Stories

November 15, 2009
Thailand anticipates positive growth in Q4

October 30, 2009
Thai central bank revises up growth estimate

September 29, 2009
S&P economist: Strong recovery for Malaysia, Thailand in 2010

September 26, 2009
Thailand: Interest rates may rise on bond issue

Thailand's economy shrank by 2.8 percent year-on-year in the third quarter, signalling improvement on the previous quarter as export and tourism revenues pick up, AFP reported, citing official figures Monday.

It was the fourth consecutive quarter in which gross domestic product (GDP) dropped, but was less severe than the 7.1 percent and 4.9 percent falls seen in the first and second quarters respectively.

"GDP was better because of good export and tourism figures and government policies to stimulate investments," said Ampon Kittiampon, secretary general of the National Economic and Social Development Board that released the data.

The government has this year rolled out a 116.7 billion baht ($3.35 billion) supplementary budget focused on improving consumer spending and in late October began parcelling out a second stimulus package worth 1.4 trillion baht.

Ampon said the board expected GDP to expand between 2.7 - 3.2 percent in the fourth quarter and said its growth forecast for 2009 is now minus 3.0 percent, having previously estimated that it could fall as low as minus 3.5 percent.

"If export and tourism figures continue to be in good shape and the political situation is not serious, overall GDP could show a contraction of 3.0 percent," he told reporters.

This year exports are predicted to fall 13.7 percent overall, with imports dropping 26.1 percent, leading to an estimated overall trade surplus of 21.8 billion dollars. Growth is forecast to expand by between 3.0 and 4.0 percent in 2010, with inflation between 2.5 percent to 3.5 percent.


Comment on this Article. Send them to

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
submit your comment in the box below 





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 © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand