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Thai Economy Forcast to Continue Growth

Visith Pinpawong 10.02.2011 00:06
Thai Economy Forcast to Continue Growth - Pattaya Times News - thai - economy - forcast

The Thai economy is expected to grow 4-5 per cent in 2012, higher than 3.5-4.5 per cent forecast for this year, according to the National Economic and Social Development Board (NESDB).


The national think tank projected the gross domestic product (GDP) would reach Bt11.63 trillion, up from Bt10.77 trillion in 2011, with per capita income of US$5,620 compared with $5,400 expected for this year.

NESDB also forecast Thailand’s exports in 2012 would reach $236.6 billion in value, up 12.1 per cent from the expected $211 billion this year.

Imports are likely to reach $199 billion or a 13.4 per cent growth, resulting in a current account surplus of $10.8 billion, lower than an expected $12 billion surplus in 2011.

Additionally, NESDB anticipated the investment in 2012 would grow 3.9 per cent, lower than 8 per cent expected in 2011. Overall consumption will stay at 4.1 per cent in 2011 and 2012.

The inflation rate is likely to stay at 3-4 per cent, higher than the 2.5-3.5 per cent forecast in 2011.

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