ID :
178883
Fri, 04/29/2011 - 13:53
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http://m.oananews.org//node/178883
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FPO: Thai economy will now grow 4-5% this year
BANGKOK, April 29 (TNA) - The Thai Ministry of Finance's Fiscal Policy Office (FPO) projected on Friday that the Thai economy is likely to grow by 4-5 per cent this year--despite impacts from a devastating earthquake and tsunami in Japan and severe floods in the Thai South last month.
FPO Director-General Bunchai Jarassangsomboon acknowledged that the Thai economy initially enjoyed growth of more than 4 per cent in the first quarter of this year, boosted by rising domestic demand and exports.
Bunchai said Thailand’s foreign exchange reserves as of the end of March 2011 stood at 181.6 billion US dollars; while the public debt at the end of February dropped to 41.6 per cent of the country's gross domestic product (GDP), lower than the sustainable fiscal framework set at 60 per cent, and the number of the local unemployed totaled 268,000 or 0.7 per cent of Thailand's total workforce.
According to the FPO chief, Thailand's inflation rate for 2011 should stay around 3.1-4.1 per cent on average. (TNA)
FPO Director-General Bunchai Jarassangsomboon acknowledged that the Thai economy initially enjoyed growth of more than 4 per cent in the first quarter of this year, boosted by rising domestic demand and exports.
Bunchai said Thailand’s foreign exchange reserves as of the end of March 2011 stood at 181.6 billion US dollars; while the public debt at the end of February dropped to 41.6 per cent of the country's gross domestic product (GDP), lower than the sustainable fiscal framework set at 60 per cent, and the number of the local unemployed totaled 268,000 or 0.7 per cent of Thailand's total workforce.
According to the FPO chief, Thailand's inflation rate for 2011 should stay around 3.1-4.1 per cent on average. (TNA)
