ID :
210019
Wed, 09/28/2011 - 14:14
Auther :
Shortlink :
http://m.oananews.org//node/210019
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Private sector optimistic over Thai economy in 2012
BANGKOK, September 28 (TNA) - The Thai private sector is optimistic over the national economic prospect next year when the US and the European powerful economies are expected to recover from the ongoing debt crisis.
Payungsak Chatsuthiphol, Chairman of the Federation of Thai Industries (FTI), projected that Thailand's gross domestic product (GDP) should grow by at least 4 per cent and export expansion by some 20 per cent in 2012, from an earlier target of some 15 per cent, boosted by the anticipated US and European economic recovery.
Payungsak acknowledged that fundamentals of the Thai economy remain strong and balanced with no serious threats against the Thai stock market and other economic sectors, and that the Thai automobile industry, in particular, is likely to produce more vehicles next year, about two million units from 1.8 million units this year.
Thanawat Polvichai, Director of the Economic and Business Forecasting Centre of Bangkok-based University of the Thai Chamber of Commerce, said that the Thai economy should grow in line with the recovering US and the European economies next year, assessing that the national economy was likely to expand by at least 3-4 per cent in 2012 if the world economy grew by some 4 per cent and if the global economy expanded only 2-3 per cent, the Thai economy was also expected to grow about 2-3 per cent year-on-year in 2012. (TNA)
Payungsak Chatsuthiphol, Chairman of the Federation of Thai Industries (FTI), projected that Thailand's gross domestic product (GDP) should grow by at least 4 per cent and export expansion by some 20 per cent in 2012, from an earlier target of some 15 per cent, boosted by the anticipated US and European economic recovery.
Payungsak acknowledged that fundamentals of the Thai economy remain strong and balanced with no serious threats against the Thai stock market and other economic sectors, and that the Thai automobile industry, in particular, is likely to produce more vehicles next year, about two million units from 1.8 million units this year.
Thanawat Polvichai, Director of the Economic and Business Forecasting Centre of Bangkok-based University of the Thai Chamber of Commerce, said that the Thai economy should grow in line with the recovering US and the European economies next year, assessing that the national economy was likely to expand by at least 3-4 per cent in 2012 if the world economy grew by some 4 per cent and if the global economy expanded only 2-3 per cent, the Thai economy was also expected to grow about 2-3 per cent year-on-year in 2012. (TNA)
