KResearch adjusts GDP estimation up to 4-6%

BANGKOK, 29 June 2010 (NNT) – The Kasikorn Research Center (KResearch) has raised the GDP estimation to 4-6% in line with the continuous economic growth.

Dr Charl Kengchon, Managing Director of KResearch, stated that the center decided to increase its GDP projection to 4-6% from the original 2.6-4.5% because the economic situation in Thailand in the first quarter of this year had significantly improved in all aspects.

The director pointed out that the Democrat-led government’s success in weathering the political crisis during March-May had allowed the budget disbursement under the Strong Thailand scheme to be conducted as planned.

In addition, Dr Charl speculated that the 2011GDP would expand by 3.5%. He also mentioned that the Bank of Thailand (BoT) might start adjusting the policy interest rate up towards its normal level in the meeting of the Monetary Policy Committee (MPC) next month, adding that the rate could reach 2.0% late this year.