Vietnamplus

The Bank of Thailand (BOT) has insisted the Thai economy has yet to enter a deflationary period despite negative inflation for five months in a row.

Thailand ’s Fiscal Policy Office has predicted the country’s economy will grow 4-5 percent in 2015 although export growth may remain slow.

Thailand ’s economy will recover during the latter half of this year thanks to the payment of the rice pledging scheme and the rise in the SET index, according to Krungsri Asset Management.

Developing Asia will see its steady economic growth at 6.2 percent in 2014, compared to 6.1 percent recorded last year, according to a new Asian Development Bank (ADB) report.

The International Monetary Fund (IMF) has urged the Thai government to drop its rice pledging scheme and scale back some other fiscal stimulus measures, as they are undermining confidence in the country’s finance.

The Thai state economic think-tank affirms that the export industry remains Thailand’s key engine to drive the economy further towards growth.