K-Research: 2014 GDP to grow 2.3% | Bangkok Post: business

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K-Research: 2014 GDP to grow 2.3%

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Economic growth is forecast to grow by 2.3% this year, up from the earlier projection of 1.8%, because of the economic policies of the National Council for Peace and Order, according to Kasikorn Research Centre (K-Research). 

K-Research’s deputy managing director Pimolwan Mahajchariyawong said the NCPO’s economic policies would help pushed GDP growth up by 1-1.5%.

Those policies are the payment of overdue money to rice farmers who pledged their grain with the previous government; the assistance plan to help farmers reduce costs of production; the approval of projects seeking supports from the Board of Investment; the acceleration of 2014 fiscal budget spending; and the preparation of the 2015 fiscal budget.

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