Steady growth for Thai economy: WB 
By The Nation

 

BANGKOK: -- Thailand's economy is expected to maintain steady growth rate of 3.2 per cent in 2017 after the forecast 3.1 per cent growth rate in 2016, the World Bank’s January 2017 Global Economic Prospects report said. 

 

The 2017 forecast is underpinned by improved confidence and accommodative policies, the report said.

 

Throughout the East Asia and Pacific region, growth slowed to an estimated 6.3 per cent in 2016. Excluding China, the region grew at a 4.8 per cent pace. Strong domestic spending, supported by generally benign financing conditions for most of 2016, largely counterbalanced weak export growth. Narrowing domestic and external imbalances and stronger policy buffers, coupled with solid growth, helped improve resilience to external headwinds. 

 

Full story: http://www.nationmultimedia.com/news/breakingnews/30303876

 

-- © Copyright The Nation 2017-01-11

 

 

And Thailands forecast for 2017 ?

One can certainly believe the WB. So Thailand is doing pretty well compared with most other countries, certainly better than the UK

1 hour ago, gamini said:

One can certainly believe the WB. So Thailand is doing pretty well compared with most other countries, certainly better than the UK

 

Thailand is doing well in this circumstance with this government.

 

But on the other hand, Deputy Prime Minister Somkid Jatusripitak says

Quote

"There are no investors, investors do not dare invest, exports are not good. Autos are the only good thing...for the whole year 2016 growth should be around 3.2%,"

I think it says it all

1 hour ago, gamini said:

One can certainly believe the WB. So Thailand is doing pretty well compared with most other countries, certainly better than the UK

 

Careful, you'll be accused of talking down the UK economy with language like that.

4 hours ago, carstenp said:

 

Thailand is doing well in this circumstance with this government.

 

But on the other hand, Deputy Prime Minister Somkid Jatusripitak says

I think it says it all

Says it a lot but not all!

Last month they bragged that In November rose  almost 11%. That was mainly due to gold.

The true facts are that that the PM invoked Article 44 and shut down the all gold mines in Thailand including the Australian mine owned by Kingsgate at Chatree. Fearing their gold stock was going to be stolen by the government they promptly exported their mine stocks. That accounts for the large export numbers.

In future their will be no gold exports to pump the export figures. Military hip pocket economist at work!

9 hours ago, harada said:

And Thailands forecast for 2017 ?

Deputy prime minister Somkid Jatusri-Phitak says over 4%!

8 hours ago, gamini said:

One can certainly believe the WB. So Thailand is doing pretty well compared with most other countries, certainly better than the UK

 

gamini can I buy you a VPN?

 

THE FT and many others rate the IMF as the ones who get it wrong all the time and their MD is on charges in France

The WB come a close second

 

And of course much of the UK income does not end up in its leaders back pockets

 

But we will find out the near truth in 355 days orso hope you are right

1 hour ago, Brer Fox said:

Last month they bragged that In November rose  almost 11%.

Export revenues (not overall GDP)  rose over 10% in large part because of a 72% increase in gold exports. But export revenues for the first 11 months of 2016 still showed a small contraction that reduced GDP growth. 

http://englishnews.thaipbs.or.th/november-export-rises-10/

Continued mining shutdowns in 2017 will have a greater adverse impact on GDP growth.

10 hours ago, gamini said:

One can certainly believe the WB. So Thailand is doing pretty well compared with most other countries, certainly better than the UK

 

Only if you don't understand economics.  

 

A faster growth rate off a smaller GDP base is not better off necessarily.   

 

If you earn $100,000 a year and get a 10% raise are you better or worse off than someone who earns $20,000 a year and gets a 20% raise?