Rangsit University bullish on economy next year | Bangkok Post: business

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Rangsit University bullish on economy next year

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The economy will expand between 5.5% and 6.5% next year on strong domestic consumption and private investment, predicts Rangsit University's Economic and Business Research Center for Reform. 

However, the forecast runs counter to a consensus by other economists, who put their hopes in the government rather than the private sector.

Centre director Prof Anusorn Tamajai, who is also dean of the economics faculty, said his team is optimistic that 2013 gross domestic product (GDP) growth will come in a full percentage point above the economists' estimate of 4.5% to 5.5%.

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