Finance Minister Korn Chatikavanij on Friday said he had assured the Japanese business community that Thailand’s gross domestic product GDP would continue to grow this year despite the recent political turmoil.

“Should the country be able to maintain the stability of the past 24 hours going forward from here, we should be able to recover fairly”

he said referring to a statement made at a seminar in which he participated on Friday in Tokyo.He allowed that the tourism sector, which accounts for 6 per cent of GDP, runs a risk of experiencing extensive damages in the rest of this year since various incidents arising from the political rally that shut down central Bangkok for many weeks had dealt a “disastrous” blow to the tourism industry.However, he forecast the Thai economy would enjoy a two-digit economic growth in the first quarter of this year. But the growth projection would be revised during April-June.

via Finance minister assures Japanese business community of GDP growth.

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

How South Korea surpassed Japan in real GDP per capita

What makes this event all the more important and illuminating is that South Korea shares so many of Japan’s structural flaws. South Korea’s ability to ameliorate those flaws provide lessons for Japan.

Japan and Australia step up defence cooperation

AUKUS collaboration on defence capabilities and technologies ranges from cyber capabilities to artificial intelligence to quantum technologies — areas that Japan is also interested in.

Thai Capital to Get New English Name

This new update, proposed by the Office of the Royal Society, includes the change of the official English title of Thailand’s capital city from Bangkok to Krung Thep Maha Nakhon, with the commonly known title of “Bangkok” kept within parentheses.