KResearch: Thai economy to benefit from US fiscal policy

Published on January 5, 2013 by TFP   ·   No Comments

BANGKOK, 5 January 2013 – The Kasikorn Research Center (KResearch) has voiced its belief that the US’s solution to the infamous fiscal cliff will do more good than harm to Thailand, with the likelihood that the Thai economy will be able to expand by 5% this year.




KResearch expressed its reservation that even though the US’s approach to averting the fiscal cliff is not entirely a flawless one, its budget cuts and debt ceiling increase will significantly reduce spending for the US, which in turn will be beneficial to the global as well as the Thai economies in the long run.




According to the center, the Thai economy will have an opportunity to grow by 5% in 2013 while the Thai export could expand by 10-15%, thanks to Congress’s timely endorsement of the fiscal cliff bill which allows the US economy to move forward, coupled with the economic recovery of China.




KResearch pointed out that the new law of the US will also help alleviate currency fluctuations and reduce financial risks for Thai entrepreneurs as a result.

(NNT: Nuppol Suvansombut)

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Article source: http://www.thethailandlinks.com/2013/01/06/kresearch-thai-economy-to-benefit-from-us-fiscal-policy/