Economy extremely weak..!! The Thai economy is extremely weak at present and will slowly pick up over the next 3-6 months, driven by public spending and investment, according to a poll on local economists. Their confidence in the outlook, however, was lower than in the previous survey, indicating the recovery would not last long, possibly over the next 5-6 quarters, according to Bangkok Poll. Local economists confidence in the economy over the next 3-6 months continued to drop albeit at a slower pace than in the previous poll. The forward economic confidence index over the next three months also slid to 70.35 from 76.11 in the previous survey, the centre said in a statement released on Saturday. This shows economists are confidence the economy will recover the longer term. But the optimism is short-lived, perhaps over the next 5-6 quarters. The majority of the subjects thought the Thai economy was in the recovery mode (43.1%), followed by a recession (33.3%) and a trough (11.1%). A mere 1.4% felt the economy was at its peak.
Posted on: Sat, 24 Jan 2015 07:57:23 +0000
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