State money spurs 2010 growth

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)