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Gross domestic product growth for 2012 is expected to be 5.5 per cent to 6.5 per cent because this is the year of post flood rehabilitation and rebuilding the country, Prime Minister Yingluck Shinawatra said on Thursday.
At a seminar on 2013 fiscal budget policy, Ms Yingluck said the financial crisis in Europe and elsewhere might have some impact on the Thai economy and therefore budget planning must take this into account.
Thailand must turn from a reliance on exports, which are dependent on the economies of the country's key trade partners, and rely more on domestic spending, she said.
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Red-shirt supporters have expressed dismay over ousted prime minister Thaksin Shinawatra's call for them to set aside their anger and frustration over social and legal injustices for the sake of national reconciliation.
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Discussion 2 : 24/02/2012 at 05:33 AM2
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Yes, with rising inflation, Thailand will be lucky not to have REAL negative growth, with this Govt's intention of raising the price of rice and rubber.
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Discussion 1 : 23/02/2012 at 03:57 PM1
Sounds great!....on the headline, but take away inflation and see how much it really is! nothing.
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