FTI wants to see domestic political situation ,Thai economic stability.

BANGKOK, 29 June 2011 (NNT) – The Federation of Thai Industries (FTI) wants to see domestic political situation bolstering the Thai economic stability.

Speaking during a seminar entitled ‘the Economy in the Latter Half of 2011: Opportunities and Challenges’, FTI Chairperson Payungsak Chatsutipol expressed his hope that all sides would accept the election result. He believed that the greater the voter turnout, the fewer the political problems.

Mr Payungsak said political parties should ponder over their duties and help create unity in the society.

As for the economy, the FTI chairperson voiced his confidence that the country’s economic fundamentals were still strong enough to drive the Thai Gross Domestic Product (GDP) to grow by 4% this year despite wide concerns over political violence.

Mr Payungsak stressed that he wished to see the country in reconciliation, which he considered as the precondition for a secure government. According to him, a weak administration will certainly affect the economy in the middle and long terms, and signals of weakness already started to be seen in the declining happiness index and competitiveness of the country.