Slowdown In Growth Expected In Thailand

After the Thai economy’s impressive performance this year, which is forecast to have expanded by between 7 and 7.5 percent, next year is forecast to be much more difficult.

According to many research houses Thailand’s economic growth next year id forecast to be about 4 to 5 percent. This is largely due to a reduction in exports resulting from a debt hangover in Europe and the weakening recovery in America.

The Thailand government hopes that investment and domestic consumption will make up for the export deceleration. It plans budget deficits for the current fiscal year ending in September 2011, and the next fiscal year.