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.

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