FTI may revise down growth target
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The Federation of Thai Industries (FTI) may revise down its 2013 growth target, if business operators' expectation in June shows a decrease.
The FTI expects the economy to expand by 4-5 per cent this year. The survey for the expectation in the next three months would be completed on July 19.
FTI Chairman Payungsak Chartsutipol said that the expectation index remains at unchanged, the FTI would maintain the growth target. But if the index slips, the GDP forecast will be trimmed.
He does not expect the Bank of Thailand to cut the interest rate at tomorrow's meeting, saying that the Thai baht is now more stabilised than other regional currencies.
Saying that external factors are pressuring the economy, he added that political instability could add up the pressure. Meanwhile, he also urged the government to push for infrastructure investment, to maintain Thailand's geographical advantage.
