Economy of Thailand is successfully recovering after the water flood last year. During the first three months of the current year a number of factories came back to business and started the production, while demand of the population is gradually being restored, increasing the national currency's value. Comparing with the year 2011 data for January - March, gross domestic product has risen by 0.3 per cent this year. Prasarn Trairatvorakul, the director of Thailand's Bank, has stated that the government will withhold from further rate reduction as the recovery is exceeding predictions, but due to European debt issue and growing petroleum prices, rate hike is not excluded.