Economic slump could last 5 years
t could take at least five years for the Thai economy to get through the current vicious cycle, says former central bank chairman Virabongsa Ramangkura. He said pessimism had scaled back hopes of a full rebound next year, with the Thai economy expected to make a U-shaped upturn.
"If it's a cycle, a slowdown period will take five years and a growth period will last five years," said Mr Virabongsa, also a former finance minister.
"During the slowdown duration, illusions that the economy is picking up emerge sometimes, but it grows a little bit before turning down again."
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