GDP forecast revised up to 5.6%

Thailand's gross domestic product is revised up to 5.6 per cent, from 4.5 per cent, due to anticipated increases in consumption and investment, said Fiscal Policy Office's Director-General Pannee Sathavarodom.

She said that while the private consumption growth this year would be 4 per cent, against 1.4 per cent in the past year, investment growth rate should be 9.7 per cent against 0.5 per cent last year.

"This is a balanced economic growth, as Thailand would not rely solely on exports," she said.

However, the office warned that the growth in export volume in Thailand would slightly rise from 7.1 per cent last year to 6.9 per cent due to the global economic slowdown. Meanwhile, inflation could expand 4.5 per cent against 2.2 per cent last year, due to the spikes in world prices.

- The Nation

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GDP forecast revised up to 5.6%

Thailand's gross domestic product is revised up to 5.6 per cent, from 4.5 per cent, due to anticipated increases in consumption and investment, said Fiscal Policy Office's Director-General Pannee Sathavarodom.

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