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    Thailand Expat misskit's Avatar
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    Leading economist forecasts no political repercussion on economy in 2018

    BANGKOK, 7th December 2017 (NNT) - The Thai economy is unlikely to be affected by the political situation in the country next year, according to an economist.

    Mr. Amonthep Chawla, Head of Research at CIMB Thai Bank, said on Wednesday that the country’s economy is likely to grow 4.0 percent in 2018, compared with the forecast growth rate of 3.9 percent in 2017.

    He said that private investment should continue recovering further after years of weak expansion, on the back of investor confidence in political stability.

    Mr. Amonthep added that he has projected three economic scenarios, including a growth rate of 3.5 percent to 3.8 percent because of a delay in the election due to various factors, or a growth rate of 3.7 percent to 4.0 percent after an election takes place as planned and the National Council for Peace and Order receives support for political parties to continue the administration of the country.

    The final scenario is Thai economic growth of between 3.9 percent and 4.5 percent following an election and the NCPO’s taking a role of the Senate to work with the government, he said.

    But Mr. Amonthep noted that the country’s economy will probably be doing fine whatever political situation occurs because all fundamentals are still in a recovery stage.

    http://nwnt.prd.go.th/CenterWeb/News...O6012060010040

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    Quote Originally Posted by misskit View Post
    BANGKOK, 7th December 2017 (NNT) - The Thai economy is unlikely to be affected by the political situation in the country next year, according to an economist.

    Mr. Amonthep Chawla, Head of Research at CIMB Thai Bank, said on Wednesday that the country’s economy is likely to grow 4.0 percent in 2018, compared with the forecast growth rate of 3.9 percent in 2017.

    He said that private investment should continue recovering further after years of weak expansion, on the back of investor confidence in political stability.

    Mr. Amonthep added that he has projected three economic scenarios, including a growth rate of 3.5 percent to 3.8 percent because of a delay in the election due to various factors, or a growth rate of 3.7 percent to 4.0 percent after an election takes place as planned and the National Council for Peace and Order receives support for political parties to continue the administration of the country.

    The final scenario is Thai economic growth of between 3.9 percent and 4.5 percent following an election and the NCPO’s taking a role of the Senate to work with the government, he said.

    But Mr. Amonthep noted that the country’s economy will probably be doing fine whatever political situation occurs because all fundamentals are still in a recovery stage.

    http://nwnt.prd.go.th/CenterWeb/News...O6012060010040
    It’s not political stability. It’s a meandering military dictatorship of indeterminate length.

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