Connect with us
CGIF-10th-Year-Anniversary

Economics

Thai economy to grow over 4% in 2013

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong said today he believed the Thai economy to grow at more than four per cent this year. Many agencies lowered this years growth forecast thanks to volatile global economy.

Avatar

Published

on

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong said today he believed the Thai economy to grow at more than four per cent this year. Many agencies lowered this years growth forecast thanks to volatile global economy.

The government has to work hard to push the Thai economy to expand over four per cent and he is confident the target can be achieved, Mr Kittiratt said.This year, the government will focus on boosting the private investment to offset the delayed government investment on the water management project after the court ruled that public hearing must be conducted first.

Moreover, the government will promote tourism and service sectors, which are growing well.Meanwhile, Dr Thanawat Polvichai, Director of Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce said Thai GDP forecast this year is revised down to 4.3 per cent from five per cent due to domestic consumption slowdown, concern over rising debts and political situation as well as volatile global economy.Exports are likely to grow only four per cent lower than the commerce ministry’s target at seven per cent.

Moreover, the multi-billion water management projects have been delayed due to a legal problem, so the sum of the government’s 60-70 billion baht investment expected to stimulate the economy in the third quarter will be also postponed.The Thai economy will however be supported by tourism with about 25 million tourists expected to visit Thailand or about 12 per cent growth.Thanawat said the Thai economy will be bottomed out in the third quarter and the global economy will gradually rebound in the fourth quarter. The Thai economy is likely to grow 4.5 per cent in the fourth quarter and at least five per cent next year.

via Thai economy to grow over 4% this year: Finance Minister | MCOT.net | MCOT.net.

Comments

Economics

96% of Foreign Investors still confident in Thailand says BOI

The Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – With the COVID-10 pandemic causing significant disruption around the world including in Thailand, the Board of Investment of Thailand’s (BOI) latest survey, shows most foreign investors, estimated at 96%, are still confident in the country, and are willing to bring forward their investments.

(more…)
Continue Reading

Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Boris Sullivan

Published

on

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

(more…)
Continue Reading

Economics

COVID-19 pandemic wiped out 81 million jobs in Asia-Pacific countries

Some 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets, according to ILO report.

Boris Sullivan

Published

on

Drops in working hours due to the Covid-19 crisis have had a devastating effect on jobs and incomes in Asia and the Pacific according to a new report by the International Labour Organization (ILO).

(more…)
Continue Reading
Advertisement

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,413 other subscribers

Trending