Thailand economy has already seen sign of slowly turnaround, and may not in V-shape or as fast as many have expected, Thailand top energy firm PTT Plc’s CEO Prasert Boonsampan said during a seminar “Downturn Aftermath Strategy for 2010″ organized by Siam Commercial Bank’s Economic and Business Research Center.

He said the global oil price will also be rising in a slow pace whereas the economy remains on a verge of returning to slump.

The tourism sector in particular, will need more time for fully recovered, while political uncertainty remains a major factor that eroding both investor and consumer confidence.

Mr. Prasert said, personally, he expects the economy to fully recover in the next or two years.

The energy business will have least impact from the crisis due to its abundant reserve in oil refinery.

“PTT has well used the crisis in adjusting its investment portfolio through reorganizing, refinancing, and merger and acquisition activities,” Mr. Prasert said. “We have seen a big jump in organization growth.”

Thailand’s largest conglomerate firm Siam Cement’s managing director Karn Huntrakul expressed concern that the economy recovery is largely dependent on the government’s stimulus measures and may go in wrong direction if the government stopped promote it.