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...
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
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