Thailand’s growth rate is expected to rise to 3.1 percent from 2.5 percent

 

 

BANGKOK: -- Thailand’s economic growth rate for this year is expected to register 3.1 percent instead of 2.5 percent as earlier predicted, thanks to effective fiscal policy, increased investments and improved disbursements of funding, said Mr Kiatipong Ariyapratya, senior economist at Bangkok-based World Bank’s regional office, on Monday.

 

He also predicted 3.2 percent growth rate for the next year. But despite the improved performance, he noted that Thailand’s growth rate remains lower compared to other neighboring countries with growth rate averaging 4-5 percent.

 

However, Mr Kiatipong pointed that the Thai economy can grow more than 4 percent annually if the government liberalize the service sector with members of the AEC which will help improve the efficiency in the production sector.

 

Full story: http://englishnews.thaipbs.or.th/thailands-growth-rate-expected-rise-3-1-percent-2-5-percent/

 

-- © Copyright Thai PBS 2016-12-20

6 hours ago, webfact said:

economic growth rate for this year is expected to register 3.1 percent instead of 2.5 percent as earlier predicted

That prediction was made in April 2016 as well as the region’s economy will expand by 6.3% this year.

If Thailand does achieve 3.1% (largley through government stimulis) it is still performing badly against regional economies who are growing largley because of shift of foreign and domestic investment from Thailand to other regional countries.

They pull numbers from a hat; same as David Copperfield. Nothing to back up the claims.

9 hours ago, webfact said:

He also predicted 3.2 percent growth rate for the next year

Marking this one on the calendar oh forget that they are only government numbers. Just the fact please nothing but the facts? Dead silence. 

How do you get from 2.5 to 3.1 with a pair of dice????