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Economic Growth (GDP) GDP is expected to grow by 4.9% driven by the strength of domestic economy according to a research unit of SCB Bank. Thailand’s domestic demand is expected to grow well.
Private sector’s consumption spending expanded by 6.6% in 2012, a very high number, demonstrating the strength of domestic demand. The strong consumption spending momentum should carry into 2013 with supports from the increase in the daily minimum wage to 300 baht that began in January, and the purchases of cars under the first car scheme late in 2012 that will result in deliveries in 2013.