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Thailand : Selected economic indicators (%), GDP Growth
After the rebound in 2012, economic growth is expected to moderate to about 5% this year and next (Figure 3.30.6), the pace seen in the 3 years leading up to the global financial crisis. Projections a... ssume the government follows through with large public investments it plans in water management and transport infrastructure during the forecast period. Private consumption will continue to benefit from a tight labor market and the minimum wage increases, which were extended throughout the country from January 2013. A study by the Thailand Development Research Institute found that last year’s 40% increase in minimum wages in seven provinces did not cause significant layoffs.Source : Asian Development Outlook Database - http://www.adb.org/publications/thailand-fact-sheet?ref=countries/thailand
Rank: 3519 of 4888 in Economy
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