Jump to content

OIE believes Thailand can still achieve industrial growth target of 2-3 percent


webfact

Recommended Posts

OIE believes Thailand can still achieve industrial growth target of 2-3 percent

BANGKOK, 5 June 2015 (NNT) - The Office of Industrial Economics (OIE) strongly believes that the annual industrial Gross Domestic Product (GDP) would reach 2 - 3 percent as predicted.


OIE Director Udom Wongviwatchai said the figure in the first quarter was at 2.3 percent, well within his agency’s forecast range. He said the positive factors include the improved economy of the world and the U.S. and the local investment expansion which was a direct result of the government’s investment promotion policy.

Mr. Udom said the five best performing industries in Thailand at the moment are food & drink, auto & auto parts, machinery, electrical appliance & electronics and chemical & chemical products & petroleum.

He said currently the concerning issues affecting the local economy include global economic fluctuations, benchmark rate adjustments in Thailand and her trading partners, the value of the Thai baht against the U.S. dollar, the global fuel price, and the continuous growth of household debts.

nntlogo.jpg
-- NNT 2015-06-05 footer_n.gif

Link to comment
Share on other sites

The best performing industry in Thailand is the world famous THai sex trade. Thais can't seem to bring themselves around to facing that fact. Thais are in a constant state of denial about their award winning sex trade.

Link to comment
Share on other sites

"OIE Director Udom Wongviwatchai said the figure in the first quarter was at 2.3 percent, well within his agency’s forecast range"

Seeing as he announced his projection on 2015-04-24 , he should be within the range of his forecast as of today.

"Mr. Udom said the five best performing industries in Thailand at the moment are food & drink, auto & auto parts, machinery, electrical appliance & electronics and chemical & chemical products & petroleum."

Nalin Chutchotitham, HSBC Thailand economist, attributed Thailand's weak export performance to the product mix of electronics and electrical appliances; automobiles and parts; food; machinery and equipment; and agricultural products.

"As 17 per cent of the total are agricultural and agro-industrial products, a significant percentage of Thai exports are affected by low agricultural prices. Meanwhile, some of the key manufactured products such as electronics face strong competition, while others like electrical appliances are affected by weaker demand in Asia," The Nation 2015-04-28

The government remains always upbeat about the economy while the economy continues to get beaten down. Add the existing deterioration of the Thai economy to greater competition from the ASEAN nations after 2015 and Thailand's economic survival will be severly tested.

Link to comment
Share on other sites

"OIE Director Udom Wongviwatchai said the figure in the first quarter was at 2.3 percent, well within his agency’s forecast range"

Seeing as he announced his projection on 2015-04-24 , he should be within the range of his forecast as of today.

"Mr. Udom said the five best performing industries in Thailand at the moment are food & drink, auto & auto parts, machinery, electrical appliance & electronics and chemical & chemical products & petroleum."

Nalin Chutchotitham, HSBC Thailand economist, attributed Thailand's weak export performance to the product mix of electronics and electrical appliances; automobiles and parts; food; machinery and equipment; and agricultural products.

"As 17 per cent of the total are agricultural and agro-industrial products, a significant percentage of Thai exports are affected by low agricultural prices. Meanwhile, some of the key manufactured products such as electronics face strong competition, while others like electrical appliances are affected by weaker demand in Asia," The Nation 2015-04-28

The government remains always upbeat about the economy while the economy continues to get beaten down. Add the existing deterioration of the Thai economy to greater competition from the ASEAN nations after 2015 and Thailand's economic survival will be severly tested.

I think he holds one of those positions where a negative comment could cost him his job and it would be turned over to a Tarot card reader.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








  • Topics

  • Latest posts...

    1. 0

      Mother in Tears: Daughter Dies in Russia, Family Struggles to Bring Ashes Home

    2. 140

      Baht's Biggest Surge Since 1998 Poses Risk to Tourism And Exports

    3. 10

      Thailand Live Sunday 22 September 2024

    4. 0

      Fishing Incident Claims Father's Life in Mae Hong Son

    5. 10

      Thailand Live Sunday 22 September 2024

    6. 0

      Assassination Attempt on Contractor in Trang

    7. 10

      Thailand Live Sunday 22 September 2024

    8. 10

      Beer drinking in Thailand: Does Leo preserve brain-cells better than Chang?

    9. 0

      Violent End to Gathering: Man Shoots Two in Pathum Thani

    10. 10

      Thailand Live Sunday 22 September 2024

    11. 81

      Are these people stark raving mad?

    12. 81

      Are these people stark raving mad?

    13. 10

      Beer drinking in Thailand: Does Leo preserve brain-cells better than Chang?

    14. 0

      Security Guard Causes Chaos Threatening Bomb at Gas Station

    15. 81

      Are these people stark raving mad?

×
×
  • Create New...
""