BANGKOK, 8 April 2014 – President of the Federation of Thai Industries (FTI) Suphan Mongkholsuthee has admitted that he is worried about the political situation after the Songkran festival in April and fears its effects on the economy and investment.
Mr Suphan, who is a new FTI chief, on Tuesday said rallies by anti- and pro-government groups this month might worsen the political standoff in the country and make investors delay their investment decisions. If it did not improve, the political situation would lead to less than 3% economic growth, the FTI president said.
As for the export sector, Mr Suphan said he believed it would help propel the economy this year and was likely to grow 5-6% following recovery in the U.S. and euro zone. Positive signals were also seen in border trade, he added.