Thailand’s real gross domestic product could expand by 7 percent to 8 percent in 2010, the International Monetary Fund has forecast at the conclusion of its most recent review of the country’s economy. The expected growth will be fueled by the continued normalization in the level of investments and consumption in the country, IMF said. However, the Washington-based institution warned that the Thai economy may experience some setback as result of the intensifying financial strains of Europe which could undermine global economic growth. IMF encouraged Thailand to further improve its business investment climate by implementing structural reforms, boosting infrastructure development and increasing social spending.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.