BoT forecast: 4.9% growth | Bangkok Post: business

The Thai economy is expected to grow 4.9 per cent this year and 5.6 per cent in 2013, Bank of Thailand assistant governor Paiboon Kittisrikangwan said on Friday.

The figure is slightly up on the central bank's November projection of 4.8 per cent GDP growth this year. The BoT reduced its inflation forecast for 2012 from 3.5 per cent to 3.2 per cent and core inflation projection from 2.5 per cent to 2.2 per cent.For next year, the BoT projects a 5.6 per cent rise, implying that the core inflation rate stands at 1.7 per cent and the headline inflation rate at 2.9 per cent."2012 is the time for the Thai economy to recover from the great flood last year and this means domestic consumption, spending stimulated by state measures and investment from the state sector will play a key...