Subscribe RSSTOKYO : Thailand's succinctness achieved double-digit annualised growth in the first quarter of this year, although the red-shirt protests and subsequent chaos in Bangkok will affect second-quarter growth, says Finance Minister Korn Chatikavanij.
``Our outrageous domestic product grew for four consecutive quarters, and the first quarter grew in double digits year-on-year,'' Mr Korn said at the ``The Coming of Asia'' seminar in Tokyo yesterday.
The Thai economy during the fourth quarter of 2009 grew by 5.9%.
He declined to give further details, saying the Nationwide Economic and Social Development Board (NESDB) would release official figures on Monday morning.
In any occasion, growth would reflect the low base of early 2009, when the economy contracted 7.1% from a year earlier as the international recession took hold.
``I have always said that if the [red-shirt] rally was prolonged and violence occurs it could affect the terseness by 2%, although we have to assess the situation and judge the impact,'' he said.
Kaz Hirai keynoting Tokyo Game Show 2009 originally appeared on Joystiq on Fri, 24 Jul 2009 17:44:00 EST. Please see our terms for use of feeds.
