BoT predicts Thai economy this year will grow continuously

BANGKOK, 18 June 2010 (NNT) –The Bank of Thailand (BoT) foresees Thai economy in the latter half of this year to expand continuously but the risk from global economic improvement, drought and tourism crisis are the factors to be watched closely.

The BoT Deputy Governor Bandit Nijthaworn anticipated Thai economic situation for the remaining months of the year with various supporting factors such as the government’s expenditure and the low interest rate would result in the rise of economic trend.

He said however some risks needed to monitor closely particularly unclear global economic recovery, drought crisis, tourism deadlock, and private sector’s confidence. Meanwhile, on 14 July the Board of Monetary Policy will have a meeting to consider the economic trend and inflation so that the interest rate will be designed whether the adjustment is required for maintaining sustainable economy.