Feb. 26, 2008 --
Last year's growth was powered by exports, which rose 18.1%, despite fears that the strong Thai baht and the weak U.S. dollar would weaken sales to the
The Thai baht is trading at 10-year highs against the dollar, but the think-tank predicted that exports would continue to grow by 12% this year. Inflation is also expected to rise this year, reaching 3.2%-3.7%, against 2.3% last year, the NESDB said.
Ampon said the sunny outlook was helped by a slate of investment plans already approved by the Thai Board of Investment, including new developments in petrochemical, automaking, and electronics.
Despite fears of a slowdown in the