2013 GDP growth projection down

News > Local News

Published: 8 Nov 2012 at 15.53
Online news: Local News

The Economic and Business Forecasting Centre of the University of the Thai Chamber of Commerce has forecast gross domestic product growth for 2013 at only 4.5%, the lowest in three years.

The centre’s director, Thanavath Phonvichai, said the country is being hurt by several negative factors, especially the export sector.

The negative factors are the global economic slowdown, the eurozone debt problems, internal political conflicts, the appreciation of the baht, labour shortages and the raising of the daily minimum wage to 300 baht nationwide early next year, he said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

wakeup
Post : 760
Send message

Discussion 3 : 08 Nov 2012 at 21.103
Post this to my Facebook
Who knew? Vote buying has a poor return on investment. Imagine investing in infrastructure, education, and technological innovation instead, and how that might affect the GDP, no matter what the rest of the world is doing.
Like dislike 17 people liked / 0 people disliked this comment
upena
Post : 1,396
Send message

Discussion 2 : 08 Nov 2012 at 20.152
Post this to my Facebook
"The number of foreign tourists visiting Thailand this year is expected to total 22 million, an increase of 8% over last year, generating a total income of 966 billion baht for tourism related industries, said Mr Thanavath."

In your dreams
Like dislike 18 people liked / 2 people disliked this comment
Renaissance
Post : 1,799
Send message

Discussion 1 : 08 Nov 2012 at 18.491
Post this to my Facebook
The government has no control over the external negative factors, but it does have control over the internal factors, such as political conflicts, exports, and the cost of living. But I think that there are too many personal and vested interests involved for the government to be able to deal with either of these factors. As for the cause of the drop in rice exports, vested interests rates high up on the list of causes. Political conflicts will worsen because of the need to bring the Boss back home - vested interests again.
Like dislike 20 people liked / 1 people disliked this comment

2013 GDP growth projection down | Bangkok Post: news