The private sector is more optimistic about the economic recovery in the second half of this year after the military junta’s road map is making progress with prediction of 3-4 % growth in economy. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said it was confident to see the economy grow during the second half of this year.
The committee, comprising representatives from the Federation of Thai Industries (FTI), the Thai Chamber of Commerce (TCC), and the Thai Bankers Association (TBA), believes that the Thai economy has passed its lowest point, thanks to the resolved political conflict and certain policies of the National Council for Peace and Order (NCPO) which are determined to stimulate the economy and boost consumer and investor confidence. With progresses in process, the JSCCIB remains confident that the Thai economy will grow 2-2.5 % for this year and expand by 3-4% for the remainder of this year. In 2015, the committee forecasts that the Thai economy will grow 3.5 to 4.5% while exports for this year on the other hand, can increase to 3 to 5%.