Government spending will be a critical engine to drive economic growth to 2-4% in 2010, according to Piyapan Tayanithi, an executive vice-president of Bangkok Bank. The country’s largest bank projects the economy will contract 2.8-3.6%this year from last. But growth could rebound to 2-4%next year, due partly to low base effects and the impact of added public investment under the government’s 2-4%”Thailand: Investing from Strength to Strength” infrastructure programme. (Bangkok Post)
State money spurs 2010 growth
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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