An increase in Thailand’s gross domestic product (GDP) in the final quarter of last year has contributed to Thailand’s 5.3 per cent economic growth for the entire year – slightly higher than the predicted 5 per cent expansion, according to Kasikorn Research Centre.  

It said the positive momentum will possibly spill over into this year when the GDP could expand by 5.3 per cent in the first quarter thanks to the improving economy abroad.   The research centre limits this year’s forecast GDP growth at 4.5-5.5 per cent due to the possible impact from surging production costs and the appreciating Thai baht since earlier this year.   The two components might put pressure on the revival of Thailand’s business and exports, the centre forecast.   It said the government’s measures to alleviate the impact and accelerated budget spending on water resource management and infrastructure will help move the Thai economy ahead Thailand’s 2012 economic growth 5.3%, higher than predicted |

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Developing Countries to Be Hard Hit by Long-Term Slowdown

Excluding China, growth in emerging market and developing economies is expected to decelerate from 3.8% in 2022 to 2.7% in 2023

Thailand Ranks 10th in Asia Power Index

According to the Index, Thailand ranks 10th among the 26 nations and economic zones in Asia with a total score of 18.7 points. The other nine countries are the United States, China, Japan, India, Russia, Australia, South Korea, Singapore and Indonesia.