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Economy grows 7.8% last year

Thursday 24 February 2011, 07:33AM

Thailand's gross domestic product in the last quarter of last year increased by 3.8%, National Economic and Social Development Board Secretary-General Akhom Tempittayapaisit said on February 21.

The economy grew by 7.8% in 2010.

Based on that rate, the office predicted growth of between 3.5% and 4.5% this year.

Inflation this year was predicted at between 2.8% and 3.8% given the expected economic growth rate and rising incomes.

The NESDB secretary-general said a full percentage point increase in the policy interest rate is expected this year.

There still was room for an increase of up to 1% this year, he said.



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