Thai Gross Domestic Product (GDP) growth for 2012 is likely to be more than 5 percent, according to the Thai Chamber of Commerce, Bangkok Post online reported on Friday.
Thanawat Ponwichai, director of the Economic and Business Forecasting Center at the University of the Thai Chamber of Commerce, said on Friday that his center is set to revise its economic growth projection for the year, from previous forecast of between 4.5 percent and 5 percent because there were several positive factors that would boost economic growth to a higher level than earlier expected.
However, he said he was concerned about rising global oil prices and the possible impact.
If oil price on the world market rises to 140-150 U.S. dollars per barrel it could derail economic expansion in Thailand, he said.