Sunday, August 23, 2009

Thai Economy Emerges From Recession in 2Q

. Sunday, August 23, 2009

By stockOzone team

Thailand's economy emerged from recession in the second quarter as increased government spending offset a slump in manufacturing and

The state planning agency says Monday that gross domestic product expanded 2.3 percent from the first quarter in seasonally adjusted terms. GDP had shrunk quarter-on-quarter the previous two quarters.

The agency expects the economy, Southeast Asia's second-largest, to shrink between 3 percent and 3.5 percent in 2009 compared with 2008.

Disclosure: Author does not own any of the stocks discussed here.

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