INFRASTRUCTURE
Spending 'will shield economy'
- Published: 31 Jan 2013 at 00.00
- Newspaper section: Business
Thailand must move forward with basic infrastructure investment to help buffer the country from short-term shocks in the global economy, according to Ekniti Nitithanprapas, deputy director-general of the Fiscal Policy Office (FPO).
"While we don't see signs of further deterioration in the global economy, the fact is that, fundamentally, problems remain," he said, pointing to troubles in the euro zone and the "fiscal cliff" budget debates in the US Congress.
Thailand's economy is expected to grow 5% this year, down slightly from a forecast 5.7% for 2012.
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