BANGKOK, 28 September 2013 Bank of Thailand (BoT) Governor Prasarn Trairatvorakul has forecast that this year’s Thai GDP growth rate might reach 4% and played down concerns over recession. The governor said he believed exports would rebound in the third and fourth quarters.
Mr Prasarn said that despite a tendency to slow down compared to last year, the Thai economy was starting to return to a normal state. The central bank was still closely monitoring the economy to prevent effects from major industrial countries, such as the U.S., the EU and Japan, which had not yet fully recovered, the governor said.
Regarding concerns over liquidity crunch, the BoT chief said liquidity was still sufficient, judging from the bank’s absorbing of commercial banks by 500-600 billion baht a day.
