NESDB: 2011 GDP growth only 1.5%

Business > Economics

Published: 21/11/2011 at 11:30 AM
Online news: Economics

The Office of the National Economic and Social Development Board has lowered its gross domestic growth projection for 2011 to 1.5 per cent, from the previous projection of 3.5-4.0 per cent.

NESDB secretary general Arkhom Termpittayapaisith said on Monday the revision was the consequence of several economic zones being affected by the devastating floods.

The GDP growth for the third quarter of the year was up 3.5 per cent from the same quarter last year on the back of the expansion of the export sector, the recovery of automobile industries affected by the massive earthquake and tsunami in Japan and the increase in investment of the private sector.

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The Dark Side
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Discussion 5 : 21/11/2011 at 05:04 PM5
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Dis#3 Acutely correct in your definition of Thai GDP
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Adrian

Discussion 4 : 21/11/2011 at 01:57 PM4
1.5 percent for 2011...that's down quite a lot.
from iPhone application.
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yik
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Discussion 3 : 21/11/2011 at 01:16 PM3
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quietly D2: in this case 'GDP' might be standing for 'Grossly Distorted Projection' --- though I am not sure ...
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quietly
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Discussion 2 : 21/11/2011 at 12:37 PM2
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How can the country be growing if it is only rebuilding the infrastructure it lost in the floods. We really need to think twice about what GDP means and what is actually happening to peoples lives. GDP is another false measurement of wealth just like Fiat currencies.

I think I am going to buy lots of printer ink. I can see futures being traded on ink because of the amount of money governments will be printing to try and appease the people.
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yik
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Discussion 1 : 21/11/2011 at 11:23 AM1
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'... on the back of huge investment in projects to rebuild the country and to rehabilitate flood-hit businesses and people by the government' --- huge investment ... by the government ... VERY BRAVE, but ... the funds???
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NESDB: 2011 GDP growth only 1.5% | Bangkok Post: business