Gross domestic product (GDP) growth could come in below last year’s 2.9% if the political stalemate persists throughout the year, says a senior Bank of Thailand official.
An economic recession is possible in the first half only if the situation becomes increasingly violent, said Don Nakornthab, director of economic policy.
His optimistic comment came after CIMB Thai Bank's research house warned that the country could enter a recession in the second quarter.
Keep up-to-date with the latest on coup d'etat with Bangkok Post SMS News. Call *451391000 to subscribe – 39 baht/month (7 days free, available in Thailand only) Bangkok Post SMS News: Deliver only trustworthy news on SMS
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.