3.2% growth this year achievable, says central bank governor

 

The central bank is confident that this year's economic growth will rise over 3.2%, and 4-5% in the coming two years.

 

The recovery in the US economy and government spending on infrastructure investment projects are main reasons to stimulate growth.

 

Bank of Thailand (BOT) governor Veerathai Santipraphob commented on the economic outlook for 2017 saying that there was a strong possibility that a growth of 3.2% as predicted by the Financial Institutions Policy Committee was achievable.

 

He stated that the government’s projection for 4 – 5% growth within the next 1 – 2 years was a very realistic goal.

 

The main contributor will be the US economy which is showing strong signs for recovery from the President-elect’s announced economic policies.

 

Full story: http://englishnews.thaipbs.or.th/3-2-growth-year-achievable-says-central-bank-governor/

 

 

 

-- © Copyright Thai PBS 2016-12-25

 

What a surprise!! The OP is 16 hours old and not one Thai Visa economist has emerged to pour scorn on this prediction.  It seems impossible.

 

But.....it is Christmas Day, so I guess they'll be out tomorrow bucketing the central bank's governor.

Edited December 25, 20169 yr by F4UCorsair

Well if he is basing his full year prediction on what he believes has been achieved so far, he stands a fair chance of getting it right with only 6 days of the year left,

Another day, another positive economic growth announcement from the government. Quelle surprise!

On a serious note, can anybody suggest a good independent source of information about the Thai economy?

 

With only 6 days to go he should be able to predict a bit better than just "achievable"

Anything is possible.   Remember, it's still just a best guess...and a political best guess.  

At the beginning of any journey.... there is hope :D

15 hours ago, Nbarch said:

Another day, another positive economic growth announcement from the government. Quelle surprise!

 

On a serious note, can anybody suggest a good independent source of information about the Thai economy?

 

 

 

 

http://www.tradingeconomics.com/thailand/indicators