Finance may revise economic forecast
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The Finance Ministry's Fiscal Policy Office may revise the 2012 economic forecast again in December, said Somchai Sajjapongse, director-general of the office.
He did not say whether the forecast would be revised upward or downward. The current forecast of 5.5 per cent is based on the export growth forecast of 4.5-5 per cent.
Somchai noted that to achieve the export growth target of 4.5 per cent, combined export value in the remaining two months of this year must hit US$40.7 billion. If the 5 per cent target is to be achieved, the combined value must be $41.8 billion.
Weakening demand had hurt Thailand's export value. The export just picked up in October, growing over 15 per cent from the same period last year.
