FPO Announced the Thailand???s Economic Projection for 2009
Mr. Somchai Sujjapongse, the director general of the Fiscal Policy Office (FPO), and Mr. Akeniti Nititanprapas, the FPO???s expert on Macro-Economic, announced the Thailand???s Economic Projection for 2009, that the Thai economy for 2009 is forecasted to contract at -2.5 percent per year (or within the range of -3.0 to -2.0 percent per year), lower than 2.6 percent growth in the previous year due to the severe contraction of major trading partners??? economies while the domestic spending, private investment may still shrink and export volume of goods and services in 2009 is forecasted to considerably shrink at a high rate of -14.8 percent per year, at Press Release Room, Ministry of Finance, March 25 2009.