ID :
154378
Wed, 12/22/2010 - 15:19
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Shortlink :
http://m.oananews.org//node/154378
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Thai economy projected to grow at a slower pace next year
BANGKOK, Dec 22(TNA) - Experts in both the public and private sectors say that the Thai economy will continue to grow next year, but at a slower pace.
Thailand’s Deputy Prime Minister Trairong Suwannakhiri, who oversees economic affairs, acknowledged when giving alecture on "the Thai economy in 2011 in the private sector's perspective" in Bangkok Wednesday that Thailand's economic growth will slow down next year due to impacts from vulnerable major world economies, huge capital flowing into Asian economies with the appreciation of the Thai baht and the rising price of oil and farm products.
Trairong forecast that the Thai economy will grow between 4-5 per cent in 2011 and exports will expand by some 15 per cent--despite economic stimulus measures implemented by the government under its new civil development policy.
Meanwhile, the Federation of Thai Industries (FTI) forecast that the Thai economy will expand between 3.5-4.5 per cent and exports by 10-12 per cent in 2011--amid such risk factors as vulnerable foreign exchange direction and interest rates and uncertain political conditions.
However, the FTI said the Thai economy will be cushioned by positive factors in 2011, namely the country's firm fiscal and financial status with up to 171million US dollars-foreign exchange reserves, expanding mega-public investment projects and low non-performing loans or NPLs at only 2.05 per cent of overall debts. (TNA)
Thailand’s Deputy Prime Minister Trairong Suwannakhiri, who oversees economic affairs, acknowledged when giving alecture on "the Thai economy in 2011 in the private sector's perspective" in Bangkok Wednesday that Thailand's economic growth will slow down next year due to impacts from vulnerable major world economies, huge capital flowing into Asian economies with the appreciation of the Thai baht and the rising price of oil and farm products.
Trairong forecast that the Thai economy will grow between 4-5 per cent in 2011 and exports will expand by some 15 per cent--despite economic stimulus measures implemented by the government under its new civil development policy.
Meanwhile, the Federation of Thai Industries (FTI) forecast that the Thai economy will expand between 3.5-4.5 per cent and exports by 10-12 per cent in 2011--amid such risk factors as vulnerable foreign exchange direction and interest rates and uncertain political conditions.
However, the FTI said the Thai economy will be cushioned by positive factors in 2011, namely the country's firm fiscal and financial status with up to 171million US dollars-foreign exchange reserves, expanding mega-public investment projects and low non-performing loans or NPLs at only 2.05 per cent of overall debts. (TNA)
