Be the first to like this
The Thai construction industry suffered a double blow in the review period, firstly from the global economic crisis in 2008–2009 and then from the record breaking floods in 2011, with activity levels declining by 5.3% in 2008 and 2.3% in 2011. The industry recorded a quick recovery in 2012, registering a growth of 7.6%. The construction industry is expected to continue to progress at a steady pace over the forecast period and register a CAGR of 6.67%. Growth in the industry will be largely supported by measures initiated by the government to develop the industry, with an intention to become the regional hub of the proposed ASEAN Economic Council (AEC) in 2015.