Full economic recovery will likely take six to 12 months, as government stimulus spending begins in earnest in the fourth quarter, says M.R. Chatumongol Sonakul,the chairman of the Bank of Thailand. He said exports had begun to improve with the global economy, but cautioned against hopes of a sharp turnaround.
Full recovery could take six to 12 months
You Might Also Like
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
Ugly Trading Session Leaves Thai Stock Market Index in Murky Waters The Thai stock market had recently done remarkably well...