ADB forecasts strong economic growth in Asian region

[webfact]

ADB forecasts strong economic growth in Asian region

 

BANGKOK, 26th September 2017 (NNT) - The Asian Development Bank (ADB) has forecast that Thailand's gross domestic product (GDP) will expand by 3.5% this year on the back of strong export figures, while government investment policies are expected to lead to 3.6% GDP growth next year. 

The ADB cited the country's strong export performance, which is expecting no less than 5% growth, as well as continuous expansion in tourism and private consumption. Although government investment has slowed in the first half of the year, activity is expected to pick up in the second half due to the acceleration in building infrastructural projects. 

State investment, coupled with a recovery in private investment, is expected to drive growth next year to 3.6%. 

The rate of inflation has been adjusted down from 1.8% to 0.7%. Internal risks include the general election expected to take place next year, while external risks include currency volatility. 

Overall, the ADB expects developing Asian economies to grow by 5.9% in 2017 and 5.8% in 2018, higher than originally forecast due to a pickup in domestic investment and recovery in global trade. The region's exports expanded by 11% in the first five months of the year. 

China's economy is forecast to expand by 6.7% this year and 6.4% next year. India is expected to grow by 7% and 7.4% in 2017 and 2018, respectively.

 

-- nnt 2017-09-26

[Eric Loh]

3.5-3.6% GDP growth is among the slowest in ASEAN taking out Singapore which is on different level of development status. Sure GDP will improve after the election. Junta government is holding back Thailand growth potential.

[chainarong]

Yeah right, now lets get back to the Yingluck saga.......................

[wakeupplease]

28 minutes ago, chainarong said:

Yeah right, now lets get back to the Yingluck saga.......................

You must be missing here like millions of others are missing lady, don't worry she will come back one day and jail all those rouges in green and brown Have a nice day YL.