BANGKOK, 15 July 2014 - The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has predicted that the economy will grow 4.2 percent during the second half of this year.
The committee believes that the Thai economy has passed its lowest point, thanks to the resolved political conflict and certain policies of the National Council for Peace and Order (NCPO) that are intended to stimulate the economy, which would help boost consumer and investor confidence.
Following these reasons, the JSCCIB remains confident that the Thai economy will grow 4.2 percent and expand by 2 percent for the remainder of this year. In 2015, the committee forecasts that the Thai economy will grow 3.5 to 4.5 percent. Exports for this year on the other hand, can reach up to 3 to 5 percent.
The JSCCIB consists of members from the Federation of Thai Industries (FTI), the Thai Chamber of Commerce (TCC), and the Thai Bankers Association (TBA).