BANGKOK, March 30 (TNA) — Forming a new coalition government faster would help national economy directly, says a senior officer of Bank of Thailand (BoT).
Don Nakornthab, senior director for BoT’s Economic and Policy Department, made his comments six days after a general election in Thailand, saying that the central bank has prejected that the picture of new government would become clearer this June.
Uncertainty would fade away if formation of the new coalition government is done soon enough, said Mr Don, adding that the BoT has forecast that national economy would grow 3 per cent this year.
But the projection of 3 per cent could be achieved if there is no fresh election or political troublesome in Thailand, he said.
Although there is no new government, investment in the Eastern Economic Corridor, supported by the government, could accelerate because the current administration is empowered to proceed the project, he said.
Thailand’s exports could recover in the second half this year provided that global situation has improved and trade negotiations between Sino-US have made headway, said Mr Don.
Generally speaking, exports in February by Thailand continued to sustain growth due to local consumption and public spending, Mr Don added. (TNA)
