Things are turning around in the Land of Smiles with promising signs pointing to an economic recovery, according to a senior executive at Thailand's stock exchange.
Thailand's gross domestic product climbed 2.9 percent from a year ago in the thirds quarter, on the back of domestic spending and exports. This improvement comes after a series of disruptive events in Thailand's recent history including the military coup in May last year and the Bangkok explosions near a famous shrine in August.
Pakorn Peetathwatchai, chief strategy and finance officer of the Stock Exchange of Thailand, told CNBC that he expects growth in the next quarter to be around 3 percent.
"Next year, the government plans to [roll out] a lot of new investments and that would be the major factor to drive the economy," said Peetathwatchai in a CNBC interview.