The country's continued economic slump and high inflation has the major cause of recession.
"It hard to be solved. The government's wrong financial policy has focused on maintain the baht value rather than encourage export, which is the most important economic driven engine," he said.
Dr Virabongsa pointed that the government should reduce interest rate to weaken baht value to reduce money inflow. If the government ignores this factor, it will raise a domino effect problem to the whole economic.