BANGKOK, Dec 16 (TNA) — The national economy was likely to grow by 2.7% next year mainly on government investment, according to the chairman of the Thai Bankers’ Association.
Preedee Daochai, the chairman of the association and president of Kasikornbank, said the economic growth rate would rise from 2.5% this year to 2.7% next year as government investment was likely to increase and stimulate the growth of private investment. Budget disbursement and improving tourism would also support the projected economic growth, he said.
Regarding risk factors, he mentioned uncertain trade situations between China and the United States, local political conditions and huge household debts that limited consumption and the lending of banks.
“If you ask whether local politics causes a concern, the private sector is concerned about all negative matters. Concerns slow down investment. If all parties postpone investment, the economy will lose its driving force,” Mr Preedee said. (TNA)
