Pattaya Daily News

08 November 2007 :: 12:11:57 pm 22927

Gdp To Grow 4.5-6% Next Year, Says Bot

HAT YAI, Nov 8 – Bank of Thailand Governor Tarisa Watanagase on Wednesday projected the country‘s gross domestic product (GDP) would grow 4.5-6 per cent next year, boosted by local demand and private investment.
Advertise Here

Presiding over a seminar on “The Thai Economy: Challenges and Financial Risk Management” held in this business hub in the southern province of Songkla, she said Thailand’s exports are expected to decline next year due mainly to the stronger baht.

However, the Thai economy would not reach a crisis since local demand and private investment will turn to improve and production in the industrial sector will begin to pick up.

She said that external risk factors that need to be monitored include the economic difficulties in the United States and surging oil prices on the international market, which are beyond Thailand’s capacity to control.

Thailand’s political developments are the only internal factor that needs to be watched.

“We have to monitor whether the election goes smoothly or not and how soon the new government will be formed. Should there be any delay, it will affect budget disbursements and eventually the overall economy,” she said.

Reporter : PDN staff   Category : Business News

Comments in News


    
CAPTCHA Image
*

The messages you read here are opinions from the public and posted into the Forum automatically. The systems owner is not responsible for any content in the Forum or any comments posted. There is no proof that the contents posted are genuine or not, even if the name of the poster is real, th erefore, please use common sense when reading the Forum. If there are topics which are against the law or immoral, please contact webmaster@pattayadailynews.com