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UTCC expects growth to be lower than 2 per cent

The Thai economy is in risk of expanding lower than 2 per cent this year, if the political turmoil in the country is further continued or Thailand fails to establish the new government within next six months, according to Thanavat Phonvichai, director of the Economic and Business Forecasting Centre of the University of the Thai Chamber of Commerce.

The economy is likely to improve in the second half of this year to register the growth of between 3 per cent to 4 per cent, if the tense political situation is eased in the first quarter and that the Bank of Thailand could manage to keep the bath value at around Bt33 against US dollar, which will benefit the export sector.

The Nation


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