Thai govt policies to lift 2012 growth -minister

Thailand’s government policies will push up 2012 GDP growth by 1.0 percentage point, Commerce minister Kittirat Na Ranong said on Wednesday.

“We will not reduce our reliance on exports but will boost domestic consumption… With government policies to boost income, GDP growth next year will be pushed up by one percentage point,” Kittirat told reporters.

The state planning agency has forecast economic growth of 3.5-4.5 percent for 2011 and 4.0 to 5.0 percent for 2012.

The new government has promised large infrastructure spending, a big minimum wage increase and higher rural income.

http://www.reuters.com/article/2011/08/17/thailand-economy-idUSB7E7IE02D20110817

 

Category: Thailand