TCC Honorary Advisor Ajva Taolanond stated that the national economy was recovering and was likely to turn to a positive in the fourth quarter of this year, making Thai economic figures throughout the year to stand at -3.5% to -4%.

As for the economic growth of 2010, Mr Ajva forecast that it would be around 2-3% depending on political situations. He added that private sector investment would rebound in the beginning of next year after the Strong Thailand scheme was fully implemented.

Mr Ajva added that the national economic downturn during these 2-3 years in Thailand had been caused by the global financial crisis and the 2006 coup d’état.