ID :
150989
Wed, 11/24/2010 - 10:26
Auther :
Shortlink :
http://m.oananews.org//node/150989
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KBank expects Thai economy to grow 3.5-4.5% next year
BANGKOK, Nov 24 – The Thai economy is set to expand 7 per cent this year and likely to continue growing by 3.5-4.5 per cent next year, according to a top Bangkok commercial banker.
Kasikornbank Executive Vice President Vasin Vanichvoranun said that state and private investment is expected to expand further while exports are forecast to grow slowly at 6-7 per cent compared with a 27 per cent surge this year.
Key risk factors to the economic growth next year include higher oil prices, which could fuel inflationary pressure, baht volatilities, impacts of inundations, and political uncertainties.
Industries expected to grow further include agriculture and foods boosted by higher product prices, vehicles and parts set to expand in terms of local sales and exports, and construction and building materials boosted by an implementation of state-supported investment projects.
Other industries with growth potential are machinery and equipment, alternative energy, industrial estate, and tourism.
Industries that need adjustment include textile and garment, footwear, leather, furniture, and plastic and ceramic products because they are export-oriented industries facing stiff price competition and suffering from the continued baht rise. (MCOT onine news)
Kasikornbank Executive Vice President Vasin Vanichvoranun said that state and private investment is expected to expand further while exports are forecast to grow slowly at 6-7 per cent compared with a 27 per cent surge this year.
Key risk factors to the economic growth next year include higher oil prices, which could fuel inflationary pressure, baht volatilities, impacts of inundations, and political uncertainties.
Industries expected to grow further include agriculture and foods boosted by higher product prices, vehicles and parts set to expand in terms of local sales and exports, and construction and building materials boosted by an implementation of state-supported investment projects.
Other industries with growth potential are machinery and equipment, alternative energy, industrial estate, and tourism.
Industries that need adjustment include textile and garment, footwear, leather, furniture, and plastic and ceramic products because they are export-oriented industries facing stiff price competition and suffering from the continued baht rise. (MCOT onine news)
