Thailand’s private sector has indicated that investors are more confident following the move by the National Council for Peace and Order (NCPO) to come to power in May, 2014,
According to the Public Relations Department of the Royal Thai Government, the private sector has pointed out that investors are more confident after the NCPO came to power.
Director of the Center for Economic and Business Forecasting. Thanawat Polwichai, said the NCPO’s administrating of the country had resulted in the better economic situation in Thailand, judging from higher consumer confidence and industrial indexes compared to the previous months this year.
The council’s expedition of overdue rice payments had also helped increase consumers’ purchasing power, Thanawat said.
The Director added that the Thai Chamber of Commerce believed that the Thai economy would be able to grow by between 2 and 3 percent this year despite the Central Bank’s projection of just 1.5percent.
The Thai Chamber of Commerce will revise its economic growth projection again next month.
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