Thailand: UBS executive sees Thai economy strongly rebounding in 2010.

Section: Economy - The Thai economy is likely to rebound strongly next year, thanks to improving consumer purchasing power in the United States and local policy support, says Paul Donovan, managing director for global economics at UBS, the Bangkok Post reports.

Americans are more confident they will be able to keep their jobs. Meanwhile the most recent survey by the Federal Reserve of US banks found that they had more confidence in their lending prospects, therefore easing concerns about eroding consumption.

"The increase in unemployment in the US came from those who have registered as unemployed and want to look for a job, not from job losses," he said at a briefing …