FPO expects 4% economic growth this year

 

   

The Fiscal Policy Office reports that last year’s economic growth could hit the 4.1% mark, expecting the Thai GDP to expand at a rate of 4% this year.

 

Estimating last year’s economic figures ahead of an official announcement, Director of the Fiscal Policy Office (FPO), Lawaron Sangsanit, said today that Thailand’s 2018 GDP growth would be around 4.1%, driven by domestic consumption, private expenditure, and government’s economic stimuli such as the social welfare card scheme and infrastructure investment, both of which helped trigger spending among private companies.

 

The FPO director projected this year’s GDP to rise 4%, citing public spending, public-private partnership projects, the development of basic infrastructure, and the general election as the main reasons.

 

Despite the optimism, there remain some risk factors such as the global economic slowdown, the trade dispute between China and the US, currency fluctuations, and the global stock market.

 

Lawaron predicted this year’s inflation rate will average 1%, in line with the global prices of crude oil.

 

-- nnt 2019-01-30

5 hours ago, webfact said:

there remain some risk factors such as the global economic slowdown, the trade dispute between China and the US, currency fluctuations, and the global stock market. 

 Not forgot to add political conflict over continued junta rule and potential election disruption.

The 3% will look more likely.