Thai PM says economic growth may fall to 6% in Q2

08:23, June 07, 2010      

Email | Print | Subscribe | Comments | Forum 

Thai Prime Minister Abhisit Vejjajiva said here on Sunday that Thai economy may grow at 6 percent year-on-year in the second quarter as compared with 12 percent in first quarter.

It is the loss to the economy by the recent political unrest that started in March, said Abhisit when meeting the press on the sideline of the ongoing 19th World Economic Forum (WEF) on East Asia.

Thailand registered one of the world's fastest growth rates in the first quarter. It implied the strong momentum of Thai economy, said Abhisit.

Abhisit admitted the political instability has hurt the foreign tourist arrival and the tourism sector, a backbone industry of the country.

The performance of Thai economy in the second quarter and the rest of this year will much depend on how Thailand brings back tourists and investors, he said.

Abhisit said Thailand is fixing damages caused by the recent political unrest as swift as possible. The government is targeting sectors affected and offering compensation packages to shops and employees.

Abhisit said Thai government's stimulus policy will be implemented throughout this year and possibly for the next two years. The country will continue to improve infrastructure.

"Despite political differences in Thailand, Thai parties and Thai peoples are always committed to a market economy and open up, " said Abhisit.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion