JSCCIB predicts Thai economy to grow 4.2 percent during latter half of 2014

[webfact]

JSCCIB predicts Thai economy to grow 4.2 percent during latter half of 2014

BANGKOK, 15 July 2014 (NNT) - The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has predicted that the economy will grow 4.2 percent during the second half of this year.

The committee believes that the Thai economy has passed its lowest point, thanks to the resolved political conflict and certain policies of the National Council for Peace and Order (NCPO) that are intended to stimulate the economy, which would help boost consumer and investor confidence.

Following these reasons, the JSCCIB remains confident that the Thai economy will grow 4.2 percent and expand by 2 percent for the remainder of this year. In 2015, the committee forecasts that the Thai economy will grow 3.5 to 4.5 percent. Exports for this year on the other hand, can reach up to 3 to 5 percent.

The JSCCIB consists of members from the Federation of Thai Industries (FTI), the Thai Chamber of Commerce (TCC), and the Thai Bankers Association (TBA).


-- NNT 2014-07-15

[terryp]

i thought gambeling was illegal in thailand...as this must be a long shot bet

[webfact]

Private sector optimistic about 3-4% economic growth



BANGKOK: - The private sector is more optimistic about the economic recovery in the second half of this year after the military junta's road map is making progress with prediction of 3-4.% growth in economy.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said it was confident to see the economy grow at 3-4% during the second half of this year.

The committee, comprising representatives from the Federation of Thai Industries (FTI), the Thai Chamber of Commerce (TCC), and the Thai Bankers Association (TBA), believes that the Thai economy has passed its lowest point, thanks to the resolved political conflict and certain policies of the National Council for Peace and Order (NCPO) which are determined to stimulate the economy and boost consumer and investor confidence.

With progresses in process, the JSCCIB remains confident that the Thai economy will grow 2-2.5 % for this year and expand by 3-4% for the remainder of this year.

In 2015, the committee forecasts that the Thai economy will grow 3.5 to 4.5% while exports for this year on the other hand, can increase to 3 to 5%.

Source; http://englishnews.thaipbs.or.th/private-sector-optimistic-3-4-economic-growth/


-- Thai PBS 2014-07-15

[lostsoul49]

They are living in dreamland.

It's just starting to get interesting.

Wait till the next rice harvest comes in and not only will they have trouble selling it because of the stockpiles, if they do... it will be at a snail's pace and where the hell they going to store it?.. All the rice warehouses are full and will be looking that way by September when the new harvests come in.

That rice industry is Thailand's biggest industry.... Not only biggest export commodity, but also their biggest industry across the board that at least 10 million Thais rely on for an income. (4 million farmers and their families and workers).

If anything, Thailand is staring a huge economic crisis in the face and they are so blind and walking around with their heads in the clouds they can't see it coming.

If I could gamble on this, i would put my money on 1% across the year or even a recessed economy.

[trainman34014]

Just another load of bull from a bunch of people with nothing to do but make up numbers and shuffle around monopoly money.

[Noi657]

Heads or tails?

[dunque]

They are living in dreamland.

It's just starting to get interesting.

Wait till the next rice harvest comes in and not only will they have trouble selling it because of the stockpiles, if they do... it will be at a snail's pace and where the hell they going to store it?.. All the rice warehouses are full and will be looking that way by September when the new harvests come in.

That rice industry is Thailand's biggest industry.... Not only biggest export commodity, but also their biggest industry across the board that at least 10 million Thais rely on for an income. (4 million farmers and their families and workers).

If anything, Thailand is staring a huge economic crisis in the face and they are so blind and walking around with their heads in the clouds they can't see it coming.

If I could gamble on this, i would put my money on 1% across the year or even a recessed economy.

Well, the OECD disagrees with you on growth forecasts, plus the importance of rice/agriculture to the export market - so not sure you got anything right in your analysis - but bet away as I am sure you know best.

http://www.oecd.org/site/seao/Thailand.pdf