ASEAN KEY DESTINATIONS
Thailand's third quarter GDP
The country's gross domestic product(GDP) in the first nine months of this year rose 9.3 percent when compared to the same period of last year, thanks to continuous expansion in exports, investment and consumption.
The NESDB expected the Thai economy to drop 0.3 percent due to the heavy flooding in many areas of the country, but the GDP for the entire 2010 should increase 7.9 percent.
This year's inflation rate should stand at 3.2 percent while exports should expand 25.1 percent.
Risk factors in the fourth quarter included the strengthening baht, the impact from flooding, the fluctuation of oil prices and a reduction in consumption.
The NESDB official said the GDP for next year would likely move up 3.5 to 4.5 per cent, with an expected inflation rate of 2.5 to 3.5 percent. The export value for 2011 should increase 11.7 percent.
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