The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) believes Thailand can manage 2.5-4% GDP growth this year if an increase in the daily minimum wage is appropriate given the higher living costs.
The inflation rate has risen following the global oil price surge and is expected to stand in a range of 3.5-5.5%, while exports are forecast to grow by 3-5%, said Kriengkrai Thiennukul, who chaired a meeting of the JSCCIB on Wednesday.
