ID :
157265
Fri, 01/14/2011 - 18:46
Auther :
Shortlink :
http://m.oananews.org//node/157265
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UNCTAD Chief:Thai economy will grow by over 3.2% this year
BANGKOK, Jan 14 (TNA) - Secretary-General to the United Nations Conference on Trade and Development (UNCTAD) Supachai Panitchpakdi projected on Friday (Jan 14) that the Thai economy this year would grow more than 3.2 per cent, but the country's gross domestic product (GDP) growth would not reach last year's 7-per cent-level.
Supachai, who is a former Thai deputy premier in charge of economic affairs, noted that global trade and investment have been recovering due to the improving developed economies, including the United States, as well as increasing investment projects and market demand in Thailand.
Despite negative challenges, namely the domestic political situation this year when Thailand will hold a new general election, Supachai said politics should not pose any problem to the national economy--thanks to continued policy implementations by government agency--although he admitted that Thailand's focus on politics last year caused a slowdown in the national economy.
The UNCTAD chief acknowledged, however, that rising inflation remains as a matter of concerns in Thailand, but suggesting local people not be worried. The UNCTAD secretary-general explained that inflation in Thailand has resulted from rising crude oil prices, expected to reach 100 US dollars a barrel in the foreseeable future, but the problem will not be as serious that in China.
Supachai recommended that the Thai government to carry on economic stimulus measures and investment promotional privileges to boost domestic demand, employment and investments in the local production sector, and that the Bank of Thailand not to rely too much on its tight money policy. (TNA)
Supachai, who is a former Thai deputy premier in charge of economic affairs, noted that global trade and investment have been recovering due to the improving developed economies, including the United States, as well as increasing investment projects and market demand in Thailand.
Despite negative challenges, namely the domestic political situation this year when Thailand will hold a new general election, Supachai said politics should not pose any problem to the national economy--thanks to continued policy implementations by government agency--although he admitted that Thailand's focus on politics last year caused a slowdown in the national economy.
The UNCTAD chief acknowledged, however, that rising inflation remains as a matter of concerns in Thailand, but suggesting local people not be worried. The UNCTAD secretary-general explained that inflation in Thailand has resulted from rising crude oil prices, expected to reach 100 US dollars a barrel in the foreseeable future, but the problem will not be as serious that in China.
Supachai recommended that the Thai government to carry on economic stimulus measures and investment promotional privileges to boost domestic demand, employment and investments in the local production sector, and that the Bank of Thailand not to rely too much on its tight money policy. (TNA)
