21 Feb '11, 6am

Thailand's economy returns to growth in Q4

BANGKOK: Thailand's economy returned to growth in the fourth quarter of 2010, snapping out of a brief recession on the back of solid exports and private consumption, official data showed Monday. Gross domestic product (GDP) expanded 1.2 per cent in the October-December period from the previous quarter, and by 3.8 per cent compared with a year earlier, the government's economic planning agency reported. For the whole of 2010, the economy grew 7.8 per cent, it added. The economy suffered two back-to-back quarterly contractions through September - meeting the usual definition of a technical recession - squeezed by a strong baht and a wobble in the global economy. But economists have played down the relatively small contractions as a bump on the country's growth path rather than a severe downturn. Growth is, however, expected to slow sharply in 2011 to within a range of 3.5 an...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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