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Thailand Economy

 

 

Thailand Economy

Despite the unsecure political situation, the opposition’s protests and in the perspective of general anticipated elections organization in autumn (the most probably on November 14, 2010),Thailand’s economy continued to grow in the first semester on 2010.

 

The Bank on Thailand saw as positive the GDP’s growth from 3.3 – 5.3% to 4.3 - 5.8%, the margin being given by the time’s estimation, regarding the stopping or the extension of the oppositions’ manifestations,

actions that practically blocked the government’s activity moving it in a military unity, by occupying the Rajprasong commercial centre by the Red Shirts for more than one month. 

 

The Finance Ministry reported that in the first semester of 2010, the Thai GDP grew with more then 9% comparing with the first semester of 2009. In the absence of the political crisis, the GDP should grow with 6.7% in 2020, according to the economical experts who show that the effects of the political crisis reflect in a minus of 0.9% in the GDP. The most affected sectors are: the tourisms, the intern consume and the private investments. In the most pessimist case, the crisis’ extension will affect the GDP’s growth between 1.8 and 2.7% at the end of 2010.

 

Thailand Economy

The other economic indicators registered in the first semester of 201o are: the industrial production’s growth with 31%, the one of VAT’s collecting with over 22.2% and the growth with 24.1% of the imported goods’ value.

 

More, the cars and the motorcycles sells grew based on the prices value’s growth of the alimentary products from the Thai agricultural farms. China became the most important export market replacing USA, being followed by Japan, EU and USA.

 

The Exports in March 2010 grew with over 41% compared to March 2009, decisively contributing to the overall growth in the first semester.

 

The cars sells at intern grew with 50.7%, the motorcycles one with 31.7%, partially because of the growth with 13% of the Thai farmers and peasants’ standard of living. The imports of alimentary products grew with 31.6%.

 

The private investments grew which led to the growth of the imports of capital-goods with 24.1%. The cars’ sells at export grew with 57.8% and the cement’s sells registered a growth of 6.3%.

 

Despite these, the public investments/ the governmental costs came down with 14.7% at the value of 483.8 billion Baht, partially because of their deduction from 1.9 trillion Baht to 1.7 trillion Baht. The investments and the governmental costs will continue to grow in the second part of the year, due to the stimulation programme of over 50 billion Baht, value allocated in 2010, from which, already, over 33% were spent so far.

 

The unemployment’s value maintains at 1.2% because the already fired ones preferred to work in commerce or agriculture. The losses registered in the tourism’s sector are about 7.5 billion Baht and will continue to grow as long as the political crisis will last.

Economy Thailand
 

The Finance Ministry announced the allocation of more than 140 billion Baht only to repair the Thailand’s image abroad, damaged by this crisis.

 
 

  

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