ID :
210017
Wed, 09/28/2011 - 14:12
Auther :
Shortlink :
http://m.oananews.org//node/210017
The shortlink copeid
Finance Ministry expects Thai GDP to grow by only 4%
BANGKOK, September 28 (TNA) - Director of the Macroeconomic Policy Bureau at the Finance Ministry’s Fiscal Policy Office, Boonchai Charassaengsomboon, says growth in the Thai economy should drop from 7.8% last year to approximately 4% this year due to smaller consumption in the private sector.
Boonchai bracketed the expansion between 3.8% and 4.3% while saying inflation should remain at 3.8% or higher depending on the country’s flood situation in 26 provinces.
Boonchai explained that flood damages, estimated at some 20-40 billion baht, have so far dragged the GDP down by some 0.2%-0.3%. He added that economic uncertainties in Europe and the U.S might also impact Thai exports.
Nevertheless, he said the Fiscal Policy Office predicts that Thailand’s GDP will increase to 4.5% and inflation will be at 3.3% next year as economic stimulus policies should start to bear fruit. (TNA)
Boonchai bracketed the expansion between 3.8% and 4.3% while saying inflation should remain at 3.8% or higher depending on the country’s flood situation in 26 provinces.
Boonchai explained that flood damages, estimated at some 20-40 billion baht, have so far dragged the GDP down by some 0.2%-0.3%. He added that economic uncertainties in Europe and the U.S might also impact Thai exports.
Nevertheless, he said the Fiscal Policy Office predicts that Thailand’s GDP will increase to 4.5% and inflation will be at 3.3% next year as economic stimulus policies should start to bear fruit. (TNA)
