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Bangkok Post
Bangkok Post
Business

UNCOVERED: Recession fears deepen - The Untold Story

Danucha Pichayanan Recession Economy NESDC
The possibility of a global economic slowdown will severely affect the Thai economy. (Photo: Nutthawat Wicheanbut)

State agencies, businesses and households are being urged to brace for a global economic slowdown which could easily deteriorate into a recession next year.

Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said on Monday that the world economy is starting to show signs of a slowdown, adding that it warranted careful monitoring in order to see whether it becomes a recession.

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