Thailand's junta upbeat on economy, but not out of woods yet


  • World
  • Friday, 22 Aug 2014

Construction labourers work at a building site in Bangkok June 18, 2014. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) - Thailand's junta wants to sell a positive story about its coup saving a troubled economy from recession, and while it seems to have business on board there is little evidence yet of a sustainable, broad-based recovery.

A plethora of Thai companies shared the military government's optimism in recent earnings reports, looking to improved conditions after the May 22 coup ended six months of protests that paralysed the government and bureaucracy.

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