BoT chief warns of recession | Bangkok Post: Most recent

Most Recent >

BoT chief warns of recession

Rebound likely from third quarter of 2014

  • Published: | Viewed: 3,240 | Comments: 1
  • Newspaper section: Business
  • Writer: Pornsawan Nantha and Nuntawun Polkuamdee
- +

Thailand is facing the risk of recession for the first two quarters, but the situation is not worrisome, as the economy is likely to rebound from the third quarter, says the Bank of Thailand chief. 

"Economic growth in the first quarter contracted compared with last year's fourth quarter, but whether the country will slip into recession depends on the second quarter's growth," said central bank governor Prasarn Trairatvorakul.

"If economic growth continues to shrink in the second quarter, it will be recession. We should not give much weight to the technical recession. It's not a worry if it's a case of unemployment remaining low and businesses continuing to run, as the economy in the third and the fourth quarters could pick up."

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.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments