KS says recession could torpedo stocksWorkers make face masks at a factory in Nonthaburi. Kasikorn Securities warns of a sharp SET correction if the coronavirus outbreak leads to a recession. Pattarapong ChatpattarasillThe Stock Exchange of Thailand (SET) index could witness a sharp correction if a technical recession occurs during the first half because of the continuing coronavirus emergency, says Kasikorn Securities (KS). "If effects from Covid-19 cause second-quarter GDP to contract, a technical recession will transpire," Mr Soraphol said, using the medical jargon for the virus. A technical recession is defined as two straight periods of quarterly contraction.

Source: Bangkok Post February 18, 2020 22:30 UTC