Economic expert forecasts Thai GDP at 5-5.5 percent
A leading economic expert has predicted that the fallout from the Eurozone debt crisis and worries about local political conflicts may push Thailand ’s GDP down slightly this year.
A leading economic expert has predicted that the fallout from theEurozone debt crisis and worries about local political conflicts maypush Thailand ’s GDP down slightly this year.
Rangsit University’s Economics Faculty Dean Anusorn Tamajai said onJuly 3 that the financial crisis within European Union will inevitablyaffect the global economy and Thailand.
He stated that, withthe pressure from worries over the political situation in the country,Thai GDP in 2012 will likely end up at 5-5.5 percent, slightly lowerthan the previous estimate of 5.8-6.5 percent.
Anusorn also forecast that the export sector will see a smaller growthof 7-8 percent this year but the inflation rate will ease from theearlier prediction of 3.5-4.5 percent to 3-3.5 percent.
But withrisks from the Eurozone debt crisis fallout at bay, he urged thegovernment to come up with effective measures to protect Thai exportersand importers.
Anusorn also suggested that, in theworst-case scenario, the impact of the crisis in Europe will forceThai economic growth down to less than 3 percent in 2012, although suchchances are very slim.-VNA
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