Saturday, August 19, 2017 - 7:02:41

Upcoming poll to be good for Thai economy, says expert

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The Centre 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 February 2, 2014, is expected to generate around 40-50 billion THB in the case that all parties participate in it. The election might also help increase next year’s growth rate by 0.3-0.4 percent, the academic said.

The election could help add money to the economy which will in turn boost domestic consumption, Thanawat elaborated. The poll will benefit many businesses, especially those dealing with printing, advertising and stereo equipment.

However, if some major parties choose not to contest in the election, the amount of money generated could decrease to 20 billion THB due to lower campaign activities, the director said.-VNA
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