2010-07-25

Risk to the global economy.

Mr. Bandid Nijathaworn, Deputy Governor of the Bank of Thailand (BOT) said exports to Thailand in the second half. The estimate may be slowing the growth of first half year. Although overall growth is still good. But still not as recent high. Because many areas of global economic problems, especially with European finance issues. While China may still have this policy of economic slow heat.

However, the export figures in the last month (JUN) by the Ministry of Commerce indicate that grew 46.3% to a record.
Is the number that come out in a satisfactory level. Shows the recovery of exports to clear

"Export figures June. The output remained satisfactory. Spending represents a good continuity.
Better reflect the recovery of the economy. However, despite continued good economic growth. In the second half of this year to have good But SRETTHA Map Works also uncertainty of recovery that may not continue the global economy. So even if economic growth (GDP) in the second half has continued to grow. But would not grow as the first half should slow down. "

Mr.Bandid Nijathaworn added.
Fluctuations in the global economy in the next phase. It is also to be tracked. Because there are several problems. Most recently, Mr. Ben Bernungae president of the U.S. central bank (FED) have recently indicated that the global economic uncertainty. This opinion is consistent with the opinion of Bank previously estimated and therefore monetary policy committee. Will bring information. Into consideration the economic direction in the second half of next meeting.

Mr. Thana WATTANA F Wichai Director General Economic and Business Forecasting Center.
University of Thai Chamber of Commerce. Discussed a number of export growth record during the month in June 2010 stating that as a direct result of the global economic recovery.And benefit from ASEAN. And export base in the past year, lower than normal.

Therefore, it is likely that Thai exports this year, Jean will grow to more than 20 percent the same Chamber. Expects exports to grow 15-20 percent.

However, surveillance is a factor to the slowdown of global economy that may occur.
And financial problems in the EU could export slowdown. The view that domestic politics is not a factor affecting the export and then. And the high export value per month. 16,000-18,000. Million dollars. Will drive the economy this year grew more than 6 percent.

Mr. Surapong paisitpattanapong.
Automotive industry spokesman. Federation of Thai Industries (FTI) said that total exports of complete vehicles in June 2010 increased by 95.69% over the same period of last year but down 7.72% from the previous month in May 2010, accounting for 69,279 total exports. Buy cars due to increases in all markets. Exports accounted for 31,247 million baht, up 89.41% over the same period last year.

While car exports in the first half.
(January-June 2010) to export cars to 418,178 cars finished up over the same period last year 78.11% to export 195,132 cars, up 80.15% over the same period last year.

For top production cars in the month in June 2010 produced a total of 148,878 cars, up 99.26% from June 2009 and increased by 12.65% from the month in May 2010 while total car manufacturing in the first half produced 768,994 cars, up from
same period of last year 97.64%.

Sales of cars in the country months in June 2010 totaled 70,557 cars highest in six months, up from the same period of last year 62.6%, but up 13.43% from the previous month in May 2010with sales of cars in the country increased more in Month in June 2010 as a result of national economic recovery continued.
Result of consumer confidence increased. And people have purchasing power, increased strength of the Thai government plans.

Coupled with the growth of the small car market which has been popular with new clients. Agricultural products also have good prices.
And exports in many industries improved by

while sales of domestic cars in the first half.
356 692 Total sales of cars increased by 54.1% over the same period last year.

The FTI has estimated the total car production in the three next month (July to September 2010) took the total to 414,504 units compared with the actual production in April - June 2010, which has increased by 28,351 units 386,153 units.
representing 7.34% of total production compared to the actual months from July to September 2009, has 262,543 cars and 151,961 units will increase, representing 57.88%.

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