BoT ups 2012 growth projection to 5.9% | Bangkok Post: business

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BoT 2012 growth projection 4.9%

The Bank of Thailand (BoT) on Friday revised its gross domestic product growth projection for 2012 to 4.9%, from the previous forecast of 4.6%, thanks to rising domestic consumption and private investment.

BoT assistant governor Paiboon Kittisrikangwan said on Friday that BoT had also adjusted its growth projection for 2013 to 4.9%, from an earlier forecast of 4.6%.

“Both private and government investment will be main factors to mobilise the economy this year. It is projected that private investment in 2013 will grow by 12.1%,” said Mr Paiboon.

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  • boons

    United StatesPost : 664

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    Discussion 1 : 19 Jan 2013 at 03.161

    Got that everyone? Inflation is not a concern, and the impact of the wage hike will be minimal.

    It's a good thing the BoT has such a good track record of prediction. ...Except for that time they crashed the currency, sank Thailand into a crisis, and caused a global economic implosion. Other than that, they're pretty good.

    Psst, Kuhn Paiboon: Bangkok Bank is advising Thai businesses to relocate to Vietnam to take advantage of lower labor prices. But you knew about that, right?

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