Finance Minister Kittiratt Na-Ranong has warned that the economy might slow down if nothing is done to curb the strong baht.
Speaking on Prime Minister Yingluck Shinawatra's weekly television programme yesterday, Mr Kittiratt said several economic agencies had forecast that the Thai economy could expand 4.5-5.5% this year. He said the average of 5% growth was not based on the current strong baht, adding if the currency is not forced to stabilise at an appropriate level, the economy might expand more slowly.
Mr Kittiratt, who is also a deputy prime minister, said the stability of the baht is the key objective.
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