BANGKOK, 9 Dec 2014 – Economists have predicted that exports would play a vital role in Thailand’s economic growth in 2015, while strongly suggesting the Government to disburse funds for its investment project in order to ensure confidence in the private sector.
During the seminar ‘Thailand Economic Outlook 2015’, Chairman of Phatra Capital Public Company Limited Suppawut Saichuea stated that the export sector would perform better next year, thanks to the rapid global economic recovery. He said that the sector would become an essential element in the Kingdom’s potentials to achieve the economic growth of at least 3.7%.
Nonetheless, the chairman said that the nation’s economy would likely grow at a slower pace in the second quarter of next year when the drought season is in its peak and the draft constitution is expected to be submitted for first reading, causing a political uncertainty.
Meanwhile, a Bank of Thailand Advisor on Monetary Security Songtham Pinto is confident that Thailand would not face an economic crisis anytime soon, citing the lack of significant risks, stable rate of household debts, and the low Government debt rate as the major reasons.
However he pointed out that the country may suffer from a slow recovery rate in the export sector due to its limited production technology, while making a suggestion that the government should give more importance to the development of labor to offset the balance.
