ID :
172443
Fri, 04/01/2011 - 12:07
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Shortlink :
http://m.oananews.org//node/172443
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BOT to review Thailand's GDP projection due to southern floods
BANGKOK, April 1 (TNA) - The Bank of Thailand (BOT) says that it will review its projection of the country's economic growth for this year due to impacts from heavy flooding in the South currently.
Methee Supapong, BOT senior director for domestic economy, revealed that he would raise the southern flood impacts, as well as those from the massive earthquake and tsunami in Japan, and violence in the Middle East, at an upcoming meeting of the central bank's Monetary Policy Committee on April 20 to help the panel review its projection for the national economic growth this year.
Thailand's gross domestic product (GDP) was previously expected to be around 3-5 per cent this year. The senior BOT official said he still believes that the country's GDP would continue to grow through the first quarter of this year.
Meanwhile, the Siam Commercial Bank has assessed limited impacts of flooding in eight southern Thai provinces on the national economy this year, saying although products from the eight provinces account for about seven per cent of the country's GDP, the flooding will end soon; so, it should not have any significant impact on the annual GDP. (TNA)
Methee Supapong, BOT senior director for domestic economy, revealed that he would raise the southern flood impacts, as well as those from the massive earthquake and tsunami in Japan, and violence in the Middle East, at an upcoming meeting of the central bank's Monetary Policy Committee on April 20 to help the panel review its projection for the national economic growth this year.
Thailand's gross domestic product (GDP) was previously expected to be around 3-5 per cent this year. The senior BOT official said he still believes that the country's GDP would continue to grow through the first quarter of this year.
Meanwhile, the Siam Commercial Bank has assessed limited impacts of flooding in eight southern Thai provinces on the national economy this year, saying although products from the eight provinces account for about seven per cent of the country's GDP, the flooding will end soon; so, it should not have any significant impact on the annual GDP. (TNA)
