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FPO Announced the Monthly Economic Report for May 2010 and Thailand???s Economic Projection
Mr. Ekniti Nitithanprapas, the director of Macroeconomic Policy Bureau, the Fiscal Policy Office (FPO), and acting Spokesman of Ministry of Finance, announced the Thailand???s Monthly Economic Report for May 2010 and Thailand???s Economic Projection that the Thai economy is expected to grow at 5.5% (or within the range of 5.0 ??? 6.0 percent per year) this year, better than previously forecast at 4.0-5.0%, resulting from a strong economic growth in the first quarter at 12.0% and a strong expansion of the export. Thai economy in the second quarter is expected to grow at 5.6% while headline inflation is projected to rise to 3.5% per year (or within the range of 3.0 - 4.0 percent per year), core inflation at 1.3% per year (or within the range of 0.8 - 1.8 percent per year). The press conference was held at Vayupak 1 Meeting Room, Ministry of Finance, June 29 2010.
