BANGKOK, 16 March 2012 The University of the Thai Chamber of Commerce (UTCC) has revealed that the economy of Bangkok and the central region in 2012 will grow significantly.
Director of the UTCC Center for Economic and Business Forecasting (CEBF) Thanawat Polvichai predicted that the overall 2012 economy in Bangkok will expand by 6.4%, while the economy in the central region will grow 8.3%. He explained that the industrial and tourism sectors have recovered from the flood crisis last year.
Looking from region to region, the CEBF director speculated that the economy in the North will expand by 1.2% in the first quarter as tourism has recovered but the agricultural and industrial sectors are still struggling. He said the northern economy will gradually improve and will grow 5.2% this year.
With crop prices tending to reduce in the first quarter, Mr Thanawat estimated the first-quarter economy of the Northeast to grow at a rate of 1.2%. He added the overall figure will improve over time and the whole year growth for the northeastern region will reach 4.8%.
(NNT : Nuttaporn Chanchokpong)