BANGKOK : --July 31-- Mr Krisda Jiravijarana, Fiscal Policy Office of the Finance Ministry director, said Thailand’s growth rate for 2014 down to 2 percent from 2.6 percent as projected in March this year.
The Private sector’s consumption is projected to expand by 0.3 percent whereas consumption of the government sector is to expand by 4.6 percent.
Investment of the private sector is projected to shrinkby 3.5 percent whereas government sector’s investment is estimated to expand by 4 percent.
Export growth is projected at 1.3 percent compared to 5.2 percent of import growth.
Inflation rate is projected to increase by 2.4 against basic rate of 1.5 percent.
Mr Krisda added that growth rate for the first half of the year was low but would pick up in the second half.
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