Projected Thai economic grow less than 3.8% next year: TDRI
BANGKOK, Oct 22 (TNA) – Thailand's economic growth next year is likely to be lower than 3.8 per cent since impacts of the global economic crisis on the real production sector are more sizable and adverse than expected, according to Thailand Development Research Center.
TDRI chairman Niphon Puapongsakorn said that the global economic meltdown would affect Thailand's economy, particularly the expansion of exports and tourism.
Simultaneously, unsettled local politics will continue pressuring the Thai economy since successful resolution of the country's political woes seems out of reach.
Some believe that all parties concerned might finally be forced to seek a common way out and accept the constitution rewrite unwilling when the new economic crisis breaks out.
Phatra Securities president Supavud Saichue advised that the government accelerate investment in mega-projects and telecommunications development.
The government should also speed up development of irrigation projects to promote agriculture and follow up in implementation of alternative energy projects.
Energy prices will continue to rise in the future, he predicted, adding that it would be inappropriate for government increase taxes to subsidise cooking gas. (TNA)
anybody got current population growth figures ?
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