Thai Economy Could Expand 5%
Thailand’s economy has a likelihood of growing more than five per cent this year if the political doubt and the postponement of industrial projects in Map Ta Phut are decided, former finance minister Pridiyathorn Devakula said on Monday.
“If the political problems subside and the Map Ta Phut impasse is clearer the country’s economy may expand more than initially projected to five per cent.
“But if the two issues are not solved, the economy might grow just three per cent,” MR Pridiyathorn warned.
He said this year’s market looked to enlarge significantly as prices of five main farming products of the country – rice, sugarcane, cassava, para rubber and oil palms – were much higher than the preceding years, allowing farmers to receive more and people to spend greater amounts.
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