The Thai Chamber of Commerce believes that the national economy islikely to grow in the second half of this year following thedisbursement of the 2014 investment budget of more than 100 billion THB.
The sum is believed to result in overall economic growth of 2-2.5 percent for the entire year.
ThanawanPolvichai, Director of the Centre for Economic and Business Forecastingat the University of Thai Chamber, revealed that the Thai economy isexpected to recover positively during the second half of the year afterthe National Council for Peace and Order (NCPO) stepped in to addressseveral issues such as living cost management, public transport and taxiservices management and attempting to resume confidence in safety andsecurity.
It is anticipated that the economy in the thirdquarter will distinctively expand by 3-4 percent and 5-6 percent in thefourth quarter.
The investment is expected to increase the cash flow in the economic system and restore foreign investors’ confidence.
Overall,the Thai Chamber of Commerce has speculated that the Thai economy willenjoy a 3 percent growth in exports. In addition, due to the improvingeconomies of the US and Europe, which are Thailand’s major tradingpartners, the local economy in 2015 is expected to expand up to 5percent as a result.
Other factors which are forecast to drivethe Thai economy are the government's investment plan on infrastructuresand an increase in China 's expenditures.
The Chamber will re-analyse the economic situation again at the end of July.-VNA
The sum is believed to result in overall economic growth of 2-2.5 percent for the entire year.
ThanawanPolvichai, Director of the Centre for Economic and Business Forecastingat the University of Thai Chamber, revealed that the Thai economy isexpected to recover positively during the second half of the year afterthe National Council for Peace and Order (NCPO) stepped in to addressseveral issues such as living cost management, public transport and taxiservices management and attempting to resume confidence in safety andsecurity.
It is anticipated that the economy in the thirdquarter will distinctively expand by 3-4 percent and 5-6 percent in thefourth quarter.
The investment is expected to increase the cash flow in the economic system and restore foreign investors’ confidence.
Overall,the Thai Chamber of Commerce has speculated that the Thai economy willenjoy a 3 percent growth in exports. In addition, due to the improvingeconomies of the US and Europe, which are Thailand’s major tradingpartners, the local economy in 2015 is expected to expand up to 5percent as a result.
Other factors which are forecast to drivethe Thai economy are the government's investment plan on infrastructuresand an increase in China 's expenditures.
The Chamber will re-analyse the economic situation again at the end of July.-VNA
