Thailand’s GDP Grew 3.5% in Last Quarter of 2009
Thailand’s Gross Domestic Product in the last quarter of 2009 was anticipated to show expansion of at least 3.5 per cent, thanks to better exports and the improving worldwide economy, Fiscal Policy Office (FPO) director-general Sathit Rangkasiri told reporters on Wednesday.
He said the country’s financial system overall for 2009 would probably contract by 2.8 per cent, healthier than economists’ preliminary projection of a 3 per cent contraction.
Mr Sathit said demand within the country and overseas rose in the last quarter, demonstrating that the economy was recovering well.
This year’s GDP should increase about 3.5 per cent but the postponement of industrial projects in Map Ta Phut could lower growth by up to 0.5 per cent.
He said it was not easy to predict whether the political situation would heat up, and the global economy could still see a downturn again, while government spending could be set back and may not meet its target.
Related posts:
- Place related post plugin php here...
