Artite Pattanapongchai, Office of the Permanent Secretary, Ministry ...
Artite Pattanapongchai, Office of the Permanent Secretary, Ministry ...
Artite Pattanapongchai, Office of the Permanent Secretary, Ministry ...
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Thailand Economic Overview<br />
• Global economic crisis<br />
would have significant<br />
impact on Thailand export<br />
sector.<br />
• Moreover, private<br />
consumption and investment<br />
are also affected by political<br />
turmoil in <strong>the</strong> past few years.<br />
Units: %YoY o<strong>the</strong>rwise indicated 2007 2008 2009F<br />
GDP Growth 4.9 2.6 -3.5<br />
Private Consumption 1.6 2.5 -1.1<br />
Investment 1.3 1.1 -6.1<br />
Gov. Budget (% <strong>of</strong> GDP) -1.5 -0.9 -4.5<br />
Export Growth 17.3 16.8 -16.5<br />
Import Growth 9.1 26.4 -19.0<br />
Headline CPI 2.3 5.5 0.5<br />
Core CPI 1.1 2.4 1.0<br />
•Thus, Thai economy in 2009<br />
is expected to be subtracted<br />
by 3.5%, <strong>the</strong> first time since<br />
1998.<br />
• However, we expect that<br />
Thai economy could<br />
gradually recover in <strong>the</strong><br />
latter <strong>of</strong> 2009, and will fully<br />
recover in 2010.<br />
15.0%<br />
10.0%<br />
5.0%<br />
0.0%<br />
-5.0%<br />
-10.0%<br />
-15.0%<br />
GDP Growth<br />
9.0% 9.2%<br />
7.1%<br />
5.9%<br />
6.3%<br />
4.4% 4.8%<br />
5.3%<br />
4.6% 5.2% 4.9%<br />
2.2%<br />
2.6%<br />
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009F<br />
-1.4%<br />
-3.5%<br />
-10.5%
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