FM Kittirat tells 46th Board of Governors meet Thai GDP at least 5% in 2013

Thailand’s financial circle is rocked with wild speculation of the country’s baht policy and measures to support that baht policy, linking the baht policy to the future of Thailand’s real sector. Some estimate that industrial GDP is being hit hard by the hardening baht. That is raising question about Thailand’s overall GDP for 2013. At the 46th ADB Board of Governors meeting in India, Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong has affirmed participants that the Thai economy will grow no less than 5 percent this year. Kittiratt went on to say that the government has been working on a number of key development strategies, with emphasis on efforts to help the country out of the middle-income trap while promoting growth in a more complete way. At the meeting, the Deputy PM held a bilateral meeting with Japanese Deputy Prime Minister and Finance Minister Taro Aso to discuss and exchange ideas regarding economic promotion cooperation between Thailand and Japan. He also met with Mr. Nobuyuki Hirano, the President at Bank of Tokyo-Mitsubishi UFJ, Limited to talk over Japan’s role and support in the “Thailand 2020” project and the development of the Dawei special economic zone, for instance. Kittiratt also held talks with the World Bank’s Vice President Axel van Trotsenburg regarding various topics, including the country’s financial cooperation and the concept of financial inclusion, as well as other issues (Source).

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