Thai's economy contracted by 9% in Q4 of 2011

Source: BBC
Thailand's economy shrank in the last quarter of 2011 amid severe flooding that impacted manufacturing activities of the country. The GDP contracted by 9% in Q4 of 2011 on a yearly basis and by 10.7% from the previous quarter, reported the NESDB. However, despite weaker than expected performance, the NESDB raised the economy's expansion outlook from between 4.5% and 5.5% to between 5.5% and 6.5% in 2012.


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Mon, 20 Feb 2012 08:49:04 GMT

US stocks close the week up

US stock indexes mostly traded higher on Friday and finished the week on positive side as investors expected a Monday meeting in Brussels will provide a solution to Greek debt crisis. S&P 500 index gained 0.2% or 3.19 points and finished at 1,361.23. Dow Jones Industrial Average added 0.4% or 45.79 points, settling at 12,949.87. In contrast Nasdaq Composite index slipped

Mon, 20 Feb 2012 09:05:55 GMT

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