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Thailand's GDP in the first quarter of this year is expected to grow by 5%

The Finance Ministry expects Thailand’s GDP in the first quarter of this year to grow by 5%.

Fiscal Policy Office director Narit Chaisutr (นริศ ไชยสูตร) said economic growth in the second quarter still looked good judging from export expansion and the amount of value-added-tax collected.

Mr. Narit said negative factors that might cause GDP to reduce included rising oil prices, high inflation and interest rates and political problems. The good news, he said, was the economies of China, Japan and the United States are still expanding.

Mr. Narit said the Finance Ministry will report Thailand’s economic outlook for 2006 drawn up from factors including exports, imports, inflation and investments at the end of this month.

Source: Thai National News Bureau Public Relations Department - 17 May 2006

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