Thailand government has enough room to support the economy, says Finance Minister
A rating upgrade for Thailand is expected amidst improved fundamentals.
OCBC Treasury Research noted:
Finance Minister Kittiratt said that the government still has enough room to support the economy if necessary. Added that GDP growth is still likely to reach 5.5% for 2012 and that the budget deficit will narrow to THB 300bn from THB 400bn last year. Kittiratt also suggested that a rating upgrade is seen as likely for Thailand given its improved fundamentals.