Thailand revises up GDP growth for 2010 to 5-6 pct
14:57, June 29, 2010

Email | Print | Subscribe | Comments | Forum 
FPO director Sathit Rangkasiri said the revision of the economic growth data was based on the sharp gross domestic product 's (GDP) expansion of 12 percent in quarter 1 (Jan.-March), 2010.
The faster-than-expected recovery in global economy, especially the Thai trade partners, has largely boosted the country's exports, Sathit explained.
A recent forecast by Wisit Limprana, chairman of the food industrial group at the Federation of Thai Industries (FTI), has reflected the FPO office's latest view.
On June 24, Wisit disclosed Thailand's 2010 food exports are projected to expand by at least 10 percent to about 82 billion baht(2.533 billion U.S. dollars).
Rice, chicken, white sugar, and tapioca are leading food products that are of high value to the country, Wisit said.
In addition to that, Thailand's internal spending, including domestic consumption and private investment, had significantly grown compared to the last year's, the FPO director said.
The FPO office expected the Thai GDP will expand by about 5.6 percent in quarter 2 (April-June) of 2010, Sathit said.
Meanwhile, the FPO office adjusted its targeted inflation rate for 2010 from four percent to 3.5 percent as the government has still extended relief measures for low-income earners.
Source: Xinhua
(Editor:黄硕)

Related Reading
Thai criminal court asked to release "red-shirt" candidate to meet election officials
Emergency decree's enforcement should continue: Thai security committee chairman
Philippine June inflation ranges from 3.8% to 4.7% : official
Thai real estate developer SC sends representative to meet with interrogators
Thailand to spend $3.4 bln for 64 education projects in 2011 fiscal year
Grenade fired at empty oil tank of Thailand's Quartermaster Department

Tibet poised to embrace even brighter future, 60 years after peaceful liberation
Chinese official calls for more language, culture exchanges with foreign countries
Senior Chinese leader calls for efforts to develop new energy
Central gov't delegation arrives in Lhasa for Tibet Peaceful Liberation Celebrations
China Southern Airlines sends charter flight carrying peacekeepers to Liberia

