Growth next year set at over 3.6%

 

 

BANGKOK: -- Thailand's economy is now recovering with forecast that it will grow at least 3.6%.

 

According to Thanawat Polwichai, the director of the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, the national economy will begin to show clear signs of recovery towards the end of the 2nd quarter of 2017.

 

This will allow the national economy to grow by at least 3.6%.

 

However he cautioned that this is still dependent upon the recovery of the global economy.

 

Full story: http://englishnews.thaipbs.or.th/growth-next-year-set-3-6/

 

-- © Copyright Thai PBS 2016-12-28

Plenty of time for "adjustments" due to unforseen circumstances

Recovering from what !

It all been hitting targets or exceeding them :-)

Total fantasy figures ...

Somewhat optimistic revelation which depends on the global economy recovering so there we have the get clause, why make these sort of statements they mean nothing but do you get a picture in the paper.

I really do hope that they right with their predictions but like TAT they usually are very over optimistic, indeed you cannot fault Thailand on that front they are the most optimistic country when it comes to predicting the future, the problems arises when the predictions dont happen.

"...However he cautioned that this is still dependent upon the recovery of the global economy..."

 

A sign of things to come !!!

 

 

Edited December 28, 20169 yr by waldroj
Added quote

50 minutes ago, petermik said:

Plenty of time for "adjustments" due to unforseen circumstances

This economic wizard seems to foresee the  "unforeseen" circumstances. It is their dependence on the global economy which is their standard excuse for everything.

In other words if it were not for the global economy Thailand would be going gangbusters. Instead it is languishing at less then half that of neighborouring countries which strangely are not affected by the global economy.

4 hours ago, nong38 said:

Somewhat optimistic revelation which depends on the global economy recovering so there we have the get clause, why make these sort of statements they mean nothing but do you get a picture in the paper.

I really do hope that they right with their predictions but like TAT they usually are very over optimistic, indeed you cannot fault Thailand on that front they are the most optimistic country when it comes to predicting the future, the problems arises when the predictions dont happen.

There is no shame in being wrong. The secret is to not be wrong by to much. Some say things will be up some say down some say sideways take your pick. 

Up, down, left, right.....Wild guessing based on unforeseen external factors. B S straight ahead.

5 hours ago, petermik said:

Plenty of time for "adjustments" due to unforseen circumstances

...and if we don't hit the target let's blame it on the global economic downturn. It worked well in the past.

January 2016 UTCC predicted 2016 growth to be 3.5%.

But warned of negative factors that could impede growth such as Chinese economic slowdown, Thai export contraction, low farm prices, weakened Baht currency, and International politics. What's improved for 2017?

 

Seems like investing anywhere else than in Thailand would be indeed a waste time, looks like it has one of the best economy in the world, except China ( What can U believe)   the rest are battling to hit 2%......................................