ID :
342773
Sun, 09/28/2014 - 10:12
Auther :

Thailand's central bank maintains 2014 GDP growth forecast at 1.5%

BANGKOK, September 28 (TNA) - The Bank of Thailand (BOT) maintains its GDP growth forecast at 1.5% this year but cuts down the anticipated growth rate for next year to 4.8% because exports and tourism have not recovered. BOT’s assistant governor for monetary policies Mathee Supapongse said the Thai economy was expected to grow by 1.5% this year although exports may not increase at all. Earlier the central bank expected Thai exports to rise by 3% this year, and expand by 4% next year. On tourism, Mathee said tourism figures were slowly recovering as many countries still maintained their travel advisories on Thailand. Consequently the number of visitors to Thailand will be 27 million this year instead of the earlier estimated amount of 28.5 million. Positive factors next year will be household consumption, investment in the private sector and accelerated spending by the government. Meanwhile, M.R. Pridiyathorn Devakula, deputy prime minister supervising economic affairs, said that the Thai economy might grow by only 3-4% next year and the government should increase local consumption and promote exports. (TNA)

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