Krungsri Research forecasts the Thai economy will not enter a technical recession as the outlook improved for the first quarter this year.
Regarding economic stimulus schemes implemented earlier, such as visa exemptions for foreign tourists and the Easy E-Receipt tax refund, they should help the economy in the first quarter as the tourism sector rebounds, said the think tank.
As a result, Krungsri Research does not expect a technical recession this year.
The bank is monitoring the economy in the first quarter, said Krungsri chief economist Pimnara Hirankasi.
A technical recession is defined as a decline in a country’s real GDP for two consecutive quarters.
According to the National Economic and Social Development…
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