Thai 2018 growth should exceed four percent - deputy PM

[webfact]

Thai 2018 growth should exceed four percent - deputy PM

 

FILE PHOTO: Thailand's Deputy Prime Minister Somkid Jatusripitak speaks during a seminar on fintech in Bangkok, Thailand, June 14, 2017. REUTERS/Chaiwat Subprasom

 

BANGKOK (Reuters) - Thailand's economy is still expected to grow at least 4 percent this year as the government is driving exports, tourism and government spending, a deputy prime minister said on Monday.

 

"In the fourth quarter, if we can get 3.5 percent growth or higher, the full-year rate will definitely exceed 4 percent," Somkid Jatusripitak told reporters.

 

His comment came after data earlier on Monday showed Thailand's economy failed to expand in July-September from the previous three months, with annual growth at just 3.3 percent, well below expectations.

 

(Reporting by Pracha Hariraksapitak; Writing by Orathai Sriring; Editing by Simon Camerom-Moore)

 

-- © Copyright Reuters 2018-11-20

[yellowboat]

Facts should never get in the way of good propaganda.  How Somkid and his rosy colored financial reports help the average Thai is unknown to the average Thai.  They just keep struggling. 

[spidermike007]

More absolute nonsense. There are a dozen factors limiting economic growth at the moment. Tourism is way down. Even Chinese tourism. Western tourism has fallen off the rails. The Thai army is disliked and disrespected by planet earth. They have over extended their welcome by years. Time to go. You are bringing down the nation. Get out now.  

[Emster23]

"Pick a number, any number...."

[keith101]

Lower the Baht and exports will increase , as it is now the over inflated Baht is impeding exports and now matter what spin they put on the economy it will continue to deflate 

[Eric Loh]

Thailand should be growing by more than 4% and become the next Asian Tiger but instead Vietnam will likely to be the next Asian Tiger with growth projection of 7% over the next decade following the same trajectory of South Korea and Taiwan. Big let down and a travesty to the people by the selfish elites and the military.