ID :
135508
Sat, 07/31/2010 - 10:24
Auther :
Shortlink :
http://m.oananews.org//node/135508
The shortlink copeid
Thai economy resumes accelerated growth rate in June
BANGKOK, July 31 – Thailand's economy resumed growth at an accelerating rate in June after a slowdown in May due to the political unrest, according to the Bank of Thailand (BoT).
Mathee Supapongse, director of the Office of Macroeconomic Policy and Analysis, Domestic Economy Department, said the country’s tourism sector showed a clear path of recovery following a
considerable shrinkage in the two previous months.
The number of foreign tourists in June reached 950,000, up 14.8 per cent from the previous month, most being tourists from China and Korea, but the average incomes earned in the second half of this year will remain low since the number of days which foreign tourists stay in Thailand has decreased.
Thailand's tourism has recovered more rapidly than earlier expected, and is likely to return to normal by the end of this year.
Mr Mathee said the series of explosions which occurred across metropolitan Bangkok had little impact on Thailand's recovering tourism sector.
In addition, local consumption increased in all categories as private investment, particularly export-oriented industries, continued to rise for the 13th consecutive month.
The private investment index in June increased 21.2 per cent from 20.8 in the corresponding month last year and 0.8 per cent from the previous
month.
Thai exports reached a record high of US$17.88 billion in value, up 47.1 per cent in all product categories. It is expected that exports will continue growing in the third quarter of this year.
Given the improved economic performance figures in almost all categories in June, Mr Mathee said he was confident the economy will grow 8 per cent in the second quarter of this year, close to what the Fiscal Policy Office expected. (MCOT online news)
Mathee Supapongse, director of the Office of Macroeconomic Policy and Analysis, Domestic Economy Department, said the country’s tourism sector showed a clear path of recovery following a
considerable shrinkage in the two previous months.
The number of foreign tourists in June reached 950,000, up 14.8 per cent from the previous month, most being tourists from China and Korea, but the average incomes earned in the second half of this year will remain low since the number of days which foreign tourists stay in Thailand has decreased.
Thailand's tourism has recovered more rapidly than earlier expected, and is likely to return to normal by the end of this year.
Mr Mathee said the series of explosions which occurred across metropolitan Bangkok had little impact on Thailand's recovering tourism sector.
In addition, local consumption increased in all categories as private investment, particularly export-oriented industries, continued to rise for the 13th consecutive month.
The private investment index in June increased 21.2 per cent from 20.8 in the corresponding month last year and 0.8 per cent from the previous
month.
Thai exports reached a record high of US$17.88 billion in value, up 47.1 per cent in all product categories. It is expected that exports will continue growing in the third quarter of this year.
Given the improved economic performance figures in almost all categories in June, Mr Mathee said he was confident the economy will grow 8 per cent in the second quarter of this year, close to what the Fiscal Policy Office expected. (MCOT online news)
