BANGKOK, 6 May 2014 – The Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce (UTCC) says the Thai economy may have passed its lowest point and will bounce back if no political violence occurs.
According to CEBF Director Thanawat Polvichai, economy-related figures and statistics compiled by the central bank and the Ministry of Finance have shown some positive signs which indicate that the Thai economy is recovering and may have bottomed out from its economic hardship.
He made known that Thailand should see its economy bounce back after the second quarter in a circumstance that the political situation does not exacerbate.
Furthermore, he said the government’s decision to revoke the Emergency Decree had regained confidence from foreign nations as more foreign tourists have been seen since the decree’s withdrawal.
