FPO ups 2012 GDP growth to 5.7% | Bangkok Post: business

FPO ups 2012 GDP growth to 5.7%

Published: 26 Dec 2012 at 16.38
Online news:

The Fiscal Policy Office (FPO) has revised up its gross domestic product growth projection for 2012 to 5.7%, from the previous forecast of 5.5%, director general Somchai Sajjapong said on Wednesday.

FPO chief said the revision was based on the fact that domestic consumption and private investment had substantially increased, even though exports expanded by only 3.9%, less than the previous expectation of 4.5%.

Private investment rose by as much as 16.1%, the highest in the past eight years, he added.

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onlyasking
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Discussion 2 : 26 Dec 2012 at 20.542
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D1 the BDP is calculated in real terms thus the inflation rate is already deducted.
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boons
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Discussion 1 : 26 Dec 2012 at 18.171
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5.7% growth on 3.5% inflation, and government spending accounts for most of it.

So, that's 2.2% real growth.

> "Negative factors that could derail economic growth next year included economic slowdown in Thailand’s trade partners, especially the fiscal cliff problem in the US and the debt crisis in Europe, and internal political conflicts, he added."

Might that cause a 2.2% drop in GDP? You bet it will.

It's too bad Kasikorn's betting on 10% growth. I wonder how leveraged they are...
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