ID :
193237
Wed, 07/06/2011 - 12:47
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http://m.oananews.org//node/193237
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Thai economy should grow 4-4.5% this year: Poll
BANGKOK, July 6 (TNA) - Most business operators in Thailand have agreed that the Thai economy should grow by 4-4.5 per cent this year, thanks to the more stable Thai government--foreseen after the Pheu Thai Party won a landslide in the country's new general election last Sunday.
Thanawat Polvichai, Director of Bangkok-based University of the Thai Chamber of Commerce (UTCC)’s Economic and Business Forecasting Centre, reported Wednesday the result of a recent poll conducted by his centre--in which local entrepreneurs were asked about their opinions on the country's would be-Pheu Thai Partly-led coalition government.
According to other results of the poll, Thanawat said, most local private entrepreneurs supported the Pheu Thai Party's proposed economic policies and believed that the new ruling party, aligned with exiled ex-Thai premier Thaksin Shinawatra, would focus on pushing for national reconciliation, which should smooth out national economic growth with the more stable political situation in the country subsequently.
Thanawat revealed that most local private entrepreneurs, therefore, projected that overall domestic spending should further expand, from some 40-50 billion baht during Thailand's recent electoral campaign period, which would spur the national economic growth to achieve the targeted 4-4.5 per cent on average this year and to, probably, reach 4.5-5 per cent on average in 2011 if the Thai economy expanded up to 5-6 per cent in the second half of this year alone.
In case that the Pheu Thai Parly-led coalition government became unstable, Thanawat noted that most local business operators still believed the Thai economy would moderately expand by 3-3.5 per cent this year.
Thanawat said the recent survey also found that most of local private entrepreneurs wanted the new Thai government to urgently resolve domestic political strife first by including the problem on national agenda, as well as addressing the problems of corruption and rising living and production costs.
The UTTC centre's chief acknowledged that most of the local business operators, however, cautioned about, probably, negative impacts on the national economy from the would be-Pheu Thai administration's heavy populist-oriented economic policies, suggesting that the new government consult with the local private sector first before its implementation of the policies, namely an equal 300-baht daily minimum wage hike, a new rice mortgage scheme and a newly-offered credit cards for local farmers, and that the new Thai government quickly unveil its economic team and reliable sources of state revenues. (TNA)
Thanawat Polvichai, Director of Bangkok-based University of the Thai Chamber of Commerce (UTCC)’s Economic and Business Forecasting Centre, reported Wednesday the result of a recent poll conducted by his centre--in which local entrepreneurs were asked about their opinions on the country's would be-Pheu Thai Partly-led coalition government.
According to other results of the poll, Thanawat said, most local private entrepreneurs supported the Pheu Thai Party's proposed economic policies and believed that the new ruling party, aligned with exiled ex-Thai premier Thaksin Shinawatra, would focus on pushing for national reconciliation, which should smooth out national economic growth with the more stable political situation in the country subsequently.
Thanawat revealed that most local private entrepreneurs, therefore, projected that overall domestic spending should further expand, from some 40-50 billion baht during Thailand's recent electoral campaign period, which would spur the national economic growth to achieve the targeted 4-4.5 per cent on average this year and to, probably, reach 4.5-5 per cent on average in 2011 if the Thai economy expanded up to 5-6 per cent in the second half of this year alone.
In case that the Pheu Thai Parly-led coalition government became unstable, Thanawat noted that most local business operators still believed the Thai economy would moderately expand by 3-3.5 per cent this year.
Thanawat said the recent survey also found that most of local private entrepreneurs wanted the new Thai government to urgently resolve domestic political strife first by including the problem on national agenda, as well as addressing the problems of corruption and rising living and production costs.
The UTTC centre's chief acknowledged that most of the local business operators, however, cautioned about, probably, negative impacts on the national economy from the would be-Pheu Thai administration's heavy populist-oriented economic policies, suggesting that the new government consult with the local private sector first before its implementation of the policies, namely an equal 300-baht daily minimum wage hike, a new rice mortgage scheme and a newly-offered credit cards for local farmers, and that the new Thai government quickly unveil its economic team and reliable sources of state revenues. (TNA)
