Thailand's sluggish August indicators point to fragile recovery: BofA

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Thailand's sluggish August indicators point to fragile recovery: BofA

ASEAN BUSINESS STAFF

 

PHOTO: EPA-EFE/Rungroj Yongrit

 

THAILAND could be set for a fragile economic recovery, as foreign tourism revenues remain missing and the economy continues to operate under its capacity, a Bank of America (BofA) Global Research report has suggested.

 

This comes as August indicators revealed that the Thai economy remained sluggish on both the internal and external fronts, BofA economists said.

 

The private consumption index fell at a faster rate in August, mainly dragged by consumption of services and non-durables as the positive support from extra holidays in the previous month faded out, said the report.

 

Full story: https://www.businesstimes.com.sg/asean-business/thailands-sluggish-august-indicators-point-to-fragile-recovery-bofa

 

-- © Copyright The Business Times 2020-10-02

 

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[NCC1701A]

Bank of America?

 

Never again. Horrible bank.

 

 

[John Drake]

6 minutes ago, NCC1701A said:

Bank of America?

 

Never again. Horrible bank.

 

 

BofA pays zero percent when taking money from the US taxpayer. How much do you pay BofA?

 

[connda]

A walk down the street in any major city or resort town will tell you everything you need to know about a 'recovery' without the interpretation of so-called "experts."