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Thai investment and consumption pick up

03-01-2012 11:04 BJT

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Thai economy continued to improve in January after the devastating flooding last year. The country’s central bank says it was mainly because tourism recovered and both production and domestic spending are gradually picking up.

Investment rose 8%in January from December, the first monthly increase since August 2011, as some flood-hit firms reopened. Consumption rose 0.4% from December.

Analysts say the readings reflect a continuing recovery in the Thai economy and some believe domestic demand will be the main driver this year.

However, the central bank added that it would watch inflation closely after global oil prices moved higher than its forecast for this year.

 

Editor:Zhang Rui |Source: CNTV.CN

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