Arab Today, arab today thailand avoids recession with 09 q2 growth
Last Updated : GMT 01:27:57
Arab Today, arab today
Arab Today, arab today

Thailand avoids recession with 0.9% Q2 growth

Arab Today, arab today

Arab Today, arab today Thailand avoids recession with 0.9% Q2 growth

Thailand its economy grows 0.9%
Bangkok - AFP

Thailand dodged recession as its economy grew 0.9 percent in the second quarter, data showed Monday, after the military ended months of political deadlock with a coup and promised to unshackle state spending.
Between April and June the economy grew 0.9 percent after shrinking a revised 1.9 percent in the first quarter, the National Economic and Social Development Board reported.
The junta, under coup-leading Army Chief Prayut Chan-O-Cha, has pegged its legitimay to improving the economy after months of political protests paralysed government spending, scared off tourists and battered consumer spending.
Since seizing power on May 22, Prayut has opened state coffers -- kick-starting stalled investment projects and paying debts to rice farmers to help spur agriculture.
On a year-on-year basis, the economy grew 0.4 percent after contracting by 0.6 percent in the earlier quarter, NESDB said.
Despite the positive momentum, the board trimmed its growth outlook for 2014, forecasting 1.5-2.0 percent expansion, down from a previous estimate of 1.5-2.5 percent.
The board said the political turmoil of the first five months of 2014 would likely cause the economy to "perform below its potential" over the full year, with tourism numbers and car sales still disappointing.
The lucrative tourism sector was hammered by the protests and subsequent military takeover, with visitor numbers down just over 12 percent year-on-year.
But Thai tourism officials have been at pains to reassure visitors that the country is safe, despite the retention of tough martial laws across the kingdom.
On Monday, an army-appointed National Legislative Assembly began the process of agreeing a budget for 2015, raising hopes it may free up more government spending.
Analysts expect domestic demand to creep back as the junta's policies kick in.
"Growth prospects have brightened since the military takeover, which reduced political uncertainties and restored relative peace to the country," said analysts Capital Economics in a briefing note.
"Nonetheless, the economy continues to face several headwinds, such as high household debt burdens. As such, growth is unlikely to return to its trend rate anytime soon."
The kingdom had enjoyed a reputation as "Teflon Thailand" for its enviable record of economic resilience in the face of the last eight years of political upheaval as well as devastating floods in 2011.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today thailand avoids recession with 09 q2 growth Arab Today, arab today thailand avoids recession with 09 q2 growth

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday