BANGKOK, 29 October 2014 – The National Economic and Social Development Board said on Tuesday that the Thai economy was not in a stagnant state, but was slowly recovering.
NESDB Secretary-General Akom Termpittayapaisit said at a business forum on Tuesday that the 2014’s GDP growth could reach 1.5-2% if exports could recover during the year’s remaining period. According to him, the NESDB will revise its 2014 GDP growth forecast again on November 17, but the 2015 growth projection remains the same at 3.5-4.5%.
Mr. Akom, who is also the deputy minister of transport, said infrastructure investments will play a prime role in stimulating the economy and in accommodating the ASEAN Economic Community. Emphasis is being placed on rail and water transport; railways will be linked up with ports to increase efficiency in logistics and thereby cut costs.
