NESDB: 2012 GDP growth 5.5-6.0% | Bangkok Post: business

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NESDB: 2012 GDP growth 5.5-6.0%

Gross domestic product (GDP) in the second quarter of the year expanded by 4.2 per cent, after expanding a revised 0.4 per cent in the previous quarter, National Economic and Social Development Board (NESDB) secretary general Arkom Termpitayapaisit said on Monday.

Mr Arkom attributed the substantial growth in the second quarter to a full recovery of the production sector after being hard hit by the great flood late last year that resulted exports expansion, the increase in number of foreign tourists, private investment and household spending.

This had boosted the GDP growth in the first half of the year to grow by 2.2 per cent, he said.

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  • englishjon

    United KingdomPost : 404

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    Discussion 1 : 20 Aug 2012 at 17.151

    "The NESDB official said meeting the government's full-year export growth target of 15 per cent will be difficult"

    They had better try harder because Yingluck and her minister will have egg on their face if they don't.

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