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Skip Navigation LinksHome :: Markets/asset classes :: Credit markets :: Thai economy expected to grow 5.5% in third and fourth quarters.

Tuesday, August 12, 2008

Thai economy expected to grow 5.5% in third and fourth quarters.





Thai economy expected to grow 5.5% in third and fourth quarters. According to news agency TNA, the University of Thai Chamber of Commerce (UTCC) announced recently that according to a survey by the UTCC's Economic and Business Forecasting Centre, Thailand's economy was expected to grow by 5.5% in the third and fourth quarters of the year. In support of the assessment, the Centre's Director Thanawat Palavichai cited the government's relief measures, the down-trend in oil prices and the up-trend in farm product prices. According to Palavichai, important risk factors for the economy included oil price volatility, the effects of the US sub-prime mortgage crisis and Thailand's political uncertainties. Palavichai also said that the centre had revised its economic growth forecast for the year to between 5.5% and 6% from 5% and 5.5% and its inflation forecast to between 6.8% and 7.2% from between 7.2% and 7.3%.







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