Thailand’s Development Research Institute has predicted that the Thai economy will improve this year as the government has several stimulus measures in place.
Director Dr. Yongyuth Chalamwong said he was confident the Thai economy would be able to grow by between 3.5 percent and 4 percent in 2015, citing the government’s investment projects and better political climate as the reasons for his projection.
He added more jobs would definitely be created after the investments have been approved. The unemployment rate would likely drop to between 0.8 percent and 1 percent, or around 400,000 people. He said, however, he is concerned with the more than 100,000 new graduates who are still unemployed, .
He urged the Ministry of Labour to help those new college graduates find jobs and extend the retirement age to 60 or 65, instead of 55 at present, to curb labour shortages and enable more elderly citizens to be employed.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
