Economic growth could slow down in 2H: Thai central bank BOT

17:05, July 21, 2010      

Email | Print | Subscribe | Comments | Forum 

As Thailand's economy in the second half of 2010 is forecast to continue growing, its growth rate would not be as high as the first six months of the year, Bank of Thailand (BOT) deputy governor Bandid Nijathaworn said on Wednesday, the Bangkok Post's website reported.

Thailand's government's economic stimulus measures and the recovering but highly unpredictable global economy will further boost the Thai economy, Bandid said.

It is essential to closely monitor three factors in the world economy, including the U.S's high employment, the commercial banks' refusal to grant loans to other banks, and the decreasing financial privileges due to concerns over the European public debt crisis. European countries have to reduce spending in a move to tackle their public debt burden.

China could also see a slowdown in its economic growth, which could hamper the global economy, he said.

"These problems will likely hold back economic growth and we'll have to see if the impact will be more serious than expected, but the overall economy will continue to improve," the deputy governor said.

Meanwhile, he has warned "though the Asian economy is the main force driving the world economy, there are challenges as the world economy is divided into two groups -- the Asian countries that see continuous growth and the industrialized countries that experience a slowdown."


【1】 【2】 【3】

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese President Hu Jintao watches the launch of Tiangong-1 space lab module at Beijing Aerospace Control Center in Beijing, capital of China, Sept. 29, 2011. Other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang and Zhou Yongkang, are also present. (Xinhua/Rao Aimin)
  • The graphics shows the launch procedures of the carrier rocket of Tiangong-1 space lab module, Long March-2FT1 on Sept. 29, 2011. (Xinhua/Lu Zhe)
  • Image taken from Beijing Aerospace Control Center shows a Long March-2FT1 carrier rocket loaded with Tiangong-1 unmanned space lab module blasting off from the launch pad at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 29, 2011. (Xinhua)
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
Hot Forum Discussion