Thailand enters a tail spin recession

[homeownership]

The party is over and now that brand new condo seemed such a good idea at the time. Thailand has entered wat is termed as a tail spin recession. This is a recession that gathers pace because of a loss of consumer confidence, as lately experienced in many Western Countries.

http://www.bbc.co.uk/news/business-23751846 (links)

[Morakot]

Gross Domestic Product the yard stick for everything?

Ideally coupled with the glorious myth of perpetual growth that seems to make a 0.3% contraction newsworthy.

[aTomsLife]

Hope you don't mind, but I posted your link to the discussion we're already having in the News forum: http://www.thaivisa.com/forum/topic/661781-thailand-unexpectedly-slips-into-mild-recession-in-second-quarter/page-2#entry6732840

[metisdead]

Please continue discussion in topic already running here: Thailand unexpectedly slips into mild recession in second quarter

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