Deputy PM signals exports recovery, 3% GDP growth

BANGKOK: -- Deputy Prime Minister MR Pridiyathorn Devakula has revealed that the export sector has begun to recover, especially with trade partners China and Japan.

Exports to Japan and China previously shrank by 10 and 5 percent, respectively. However, these figures have rebounded to normalcy.

Factors benefiting the export sector included the weakening Thai baht. The Deputy Premier has thanked the Bank of Thailand for its monetary policy that saw 5 percent currency inflation from the start of 2015.

The effect of the baht’s depreciation on exports will become clearer in the next quarter.

MR Pridiyathorn expressed confidence that the gross domestic product could grow by 4 percent this year, exceeding previous forecasts of 3 percent.


-- NNT 2015-05-21

But not with any help from LG and Samsung TV's !

5 % Baht deprecation?

Rate of the Baht was around 32.5 for the US dollar for the last year.

Now it's about 33.5 to the dollar.

Think that's 3% and I don't think it's enough.

Baht to the Euro still expensive and also to neighboring counties.

"MR Pridiyathorn expressed confidence that the gross domestic product could grow by 4 percent this year, exceeding previous forecasts of 3 percent."

And yet,

"Yesterday, Krungthai Bank lowered Thailand’s growth forecast in 2015 from 3.9 per cent to 3.25 per cent." The Nation 2015-05-14

The Deputy PM knows better than to announce bad economic news.

Dose this knucklehead read the paper or even can he read? with automakers looking to other countries samsung pulling TV's being made also LG eyeing and moving operations meaning no shipping from Thailand. How can exports grow? where did he learn math? good news more high quality Chinese coming to poop and spit where they please and turn airport waiting area into laundry rooms. All the while spending a whooping 20 USD eating and drinking. They still rent one hotel room from 30 of them then complain not enough towels or free stuff to take home. Ever watch them at hotel buffet table?

Be prepared for economic growth to be lowered by 0.5-1% from the drive against 'unofficial fees' and corruption.