BoT is optimistic the Thai economy is doing better

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BANGKOK, 18 November 2014 – The Bank of Thailand (BoT) has insisted that the Thai economy is improving as the government has effective economic stimulus measures in place.

BoT Governor Prasarn Trairatvorakul said the Thai economy has been recovering compared to the first and second quarters. The growth was in contraction of 0.6 percent in the first quarter and recorded a positive rate 0.1 percent in the second quarter. It is expected to expand beyond the 0.1 percentage in the third quarter.

The Governor said the improvement is the result of a better political climate. He added that the current monetary policy is flexible enough to allow the economy to grow. It has also been developed to deal with impacts from the global economy and the internal factors.