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Thailand’s GDP growth hit record high in 15 year, NESDB says

Thailand’s economic rose 9.1% in the second quarter, pushed by the global economic recovery and strong growth in export, according to the Office of National Economic and Social Development Board (NESDB).

The NESDB said the country’s gross domestic product (GDP) grew 10.6% in the first half of 2010, hitting a record high in 15 years comparing year on year.

With steady export growth, the economic think tank said it has revised up the economic forecast to 7 percent to 7.5 percent for 2010 from previously predicted at 3.5 percent to 4.5 percent.

NESDB expressed confident that investor’s and consumer’s confidence has been restored, and will help pushed up economic activities, particularly domestic consumption and export.

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