Thailand remains under control by NCPO (Nation Council for Peace and Order) after the coup in May 2014, elections are unlikely before 2016. Big infrastructure projects and the return of a political stability will see GDP growth recover in 2015 (forecast 4%), after a slowdown in 2014 (1%).
Exports will pick up in 2015 (4-5% by volume) in line with better growth in the major industrial economies, and tourism will recover from a contraction this year, but imports will also rebound (1-2% by volume). Baht depreciate, from THB 32.40/ $1 in 2014 to THB 32.65/ $1 in 2015, will encourage exportation and an expected increase of domestic consumption will also encourage importations.
By industries there will be a rise in sectors as Automotive, Resin, Rice and Foodstuffs, e-Goods, Rubber, Poultry despite a fall in Furniture and Sea Food. By destination target (exports) the previsions are: Asia 60%, Middle East 15%, Europe 10%, America 8%, Africa 5%, Ocania 2%.
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