Published on June 29, 2013 by TFP · No Comments
BANGKOK, 29 June 2013 – The Bank of Thailand (BoT) expects to see a 4.5 percent economic growth this year after seeing a slowdown in the country's overall economy.
Senior director at the BoT Methee Supapong says economy in the month of May saw a slight drop as domestic consumption shrank by 0.2 percent compared to the same period of last year. The drop was caused by higher household debt and the expiration of government's incentive policies.
The director reveals further that Thailand's export in May dropped by 5.1 percent year-on-year, valuing at 19 billion US dollars. He added that the investments from the private sector also decreased by 3.3 percent.
He concluded that the BoT will, on July 10, hold a meeting to adjust its economic growth target down from 5.1 percent to 4.5 percent.
(NNT: Thammarat Pramotmaneerat)
nbsp
nbsp
nbsp
Article source: http://www.thethailandlinks.com/2013/06/30/bot-to-adjust-this-years-economic-growth-down/
0 comments:
Post a Comment