BANGKOK, 10 December 2013The Center for Economic and Business Forecasting (CEBF) is hopeful that the coming general election will help stimulate the economy in 2014 and profit campaign-related businesses.
Director of the CEBF Thanawat Polwichai said the election, scheduled on 2 February 2014, was expected to generate around 40-50 billion baht in the case that all parties participated in it. The election might also help increase next year’s growth rate by 0.3-0.4%, the academic said.
The election could help add money to the economy which would in turn boost domestic consumption, Mr Thanawat elaborated. The poll would benefit many businesses, especially those dealing with printing, advertising and stereo equipment.
However, if some major parties chose not to contest in the election, the amount of money generated could decrease to 20 billion baht due to lower campaign activities, the director said.
