Recovery gains momentum | Bangkok Post: business

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Recovery gains momentum

Small growth in GDP seen in second quarter

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The economy has likely turned around with a small growth in the second quarter on the back of improving sentiment following the military takeover, ending the political impasse that crippled economic activities, economists say. 

Kasikorn Research Centre managing director Charl Kengchon forecast that GDP in the second quarter is likely to have grown at an annual rate of 0.6% and 0.4% on a quarterly basis. Such growth figures are considered marginal.

Some level of economic growth was achieved in the second quarter since political stability returned in late May, he said.

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