Retail in Asia

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Central bank chief sees steady if unspectacular Thai recovery

The Thai economy is expected to post a steady recovery from last year’s recession, assuming that consumer confidence continues to improve and no new global economic crisis emerges, says Bank of Thailand Governor Tarisa Watanagase.

Exports, tourism and a rise in farm income would be the major engines of growth for 2010, according to Tarisa.

The Commerce Ministry on Friday announced that exports in January rose 30.8 percent year on year to USD13.72 billion, the fastest pace in 18 months, after a 26.1-percent year-on-year rise in December.