The Thai Gross Domestic Product (GDP) will expand by 4.5 percent this year and by 5% next year, the World Bank estimated.
World Bank Senior Economist Kirida Bhaopichitr revealed that the Thai economy will grow by 4.5 percent under the pressure from the sluggish global economy, which will affect the export sector.
She, however, is confident that the Thai finance is stable, adding that economists must shift their focuses to increasing exporters’ potentials.
Kirida indicated that government’s revenue this year will be at 16.8 and expenses at 22.8 of the GDP, which means the country is running a budget deficit.
She said she expects that the Thai government will run an even greater budget deficit next year.-VNA
World Bank Senior Economist Kirida Bhaopichitr revealed that the Thai economy will grow by 4.5 percent under the pressure from the sluggish global economy, which will affect the export sector.
She, however, is confident that the Thai finance is stable, adding that economists must shift their focuses to increasing exporters’ potentials.
Kirida indicated that government’s revenue this year will be at 16.8 and expenses at 22.8 of the GDP, which means the country is running a budget deficit.
She said she expects that the Thai government will run an even greater budget deficit next year.-VNA
