Warning on economy
The Fiscal Policy Office has warned that the absence of an early resolution to Thailand's months-long political crisis will further dampen economic sentiment in the second half of the year.
According to Ek-nithi Nithithanprapas, a deputy spokesman at the agency, this year's economic growth should still be around 4.5 per cent thanks to relatively strong export-driven growth in the first half.However, political jitters will further depress the country's investment sector in the second half, resulting in a lower growth rate. The agency said new public and private investment projects for construction and property development, for example, would remain weak in the coming months. In the first six months, the country's gross-domestic-product growth rate was about 6 per cent, mainly driven by high export growth of 14.1 per cent.
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