SCB puts 2012 GDP growth at 5.3% | Bangkok Post: news

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SCB puts 2012 GDP growth at 5.3%

Gross domestic product growth (GDP) for the year could come in around 5.3%, an economist at the Siam Commercial Bank (SCB) said on Wednesday.

Suthapa Amornwiwat, assistant vice president at the commercial bank, said the global economic slowdown had  severely hurt the export sector in the third quarter of the year.

Its impact is likely to trim growth in the production sector in the fourth quarter, she added.

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  • pointoffew

    Viet NamPost : 1,269

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    Discussion 2 : 24 Oct 2012 at 14.232

    Given that this figure includes +/- 3.5% inflation, 5.3% GDP growth is very, very modest and likely too little to create enough new jobs for newcomers on the labour market.
    Note that no one has an accurate estimate of Thai GDP, due to the fact that a very substantial part of the Thai economy is informal, cash based.

  • bluebottle

    ThailandPost : 1,467

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    Discussion 1 : 24 Oct 2012 at 13.551

    And last year due to the floods nothing much was being exported.Take out the car industry and I suspect there is a vacume.

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