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INSIGHTS

Security growth expected in Thailand

Security growth expected in Thailand
Thailand’s economic performance has been somewhat lackluster. The World Bank, in fact, gave Thailand a 2.5 percent and 2.6 percent GDP growth forecast for this year and next year, respectively, compared to 2.8 percent last year. Given the tepid performance, it’s up to the Thai government to give the economy a boost
Thailand's economic performance has been somewhat lackluster. The World Bank, in fact, gave Thailand a 2.5 percent and 2.6 percent GDP growth forecast for this year and next year, respectively, compared to 2.8 percent last year.

Given the tepid performance, it's up to the Thai government to give the economy a boost by building major infrastructure projects. That, according to experts, is expected to boost the country's security industry, since security equipment is needed in those projects.

“The current government is aiming to provide stability to the country, and they also focus on the infrastructure of the country,” said Suwich Chitkasemsuk, Managing Director of Digitalcom. “Since the government is focusing on ...
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