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Bangkok Post
Bangkok Post
Business

Economy set to expand despite global recession

Kobsak Pootrakool Recession Thailand Economy Bangkok Bank United States Economic Growth Bank of Thailand
Kobsak: Strong fundamentals

Thailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool.

Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand's economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign direct investments.

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