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BOT growth target revised upward

The Bank of Thailand has revised up its 2007 economic growth target to 4.5 per cent, due mainly to the positive export growth in the first quarter.

The previous target was 3.8-4.8 per cent.

Suchada Kirakul, Bank of Thailand assistant governor, said at the press conference on Friday that overall export growth in dollar term should grow 12-15 per cent.

She also noted that Thailand will receive more capital inflows, as foreign direct investment as well as portfolio investment. Thai market's price/earning ratio is still low compared to those in the region while there are a number of projects which have been granted tax privileges from the Board of Investment and have not yet kicked start the investment, she said.

- The Nation

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BOT growth target revised upward

The Bank of Thailand has revised up its 2007 economic growth target to 4.5 per cent, due mainly to the positive export growth in the first quarter.

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