NESDB predicts Thailand’s growth rate year at 3-4 percent

 

 

BANGKOK: -- Thailand’s growth rate (GDP) for the whole year of last year registered 3.2 percent and is predicted to register 3-4 percent this year, thanks to global economic recovery, said Mr Paramet Wimonsiri, secretary-general of the National Economic and Social Development Board, on Monday.

 

Although growth rate for the fourth quarter slowed down to 3.0 percent, the overall economic performance for 2016 was recorded at 3.2 percent compared to 2.9 percent a year earlier, thanks to increased household spendings resulting from increased exports, increase in government and private investments and price increases of farm products among others.

 

Economic performance this year is predicted to expand further in correspondence with global economic growth expected to register 3.1-3.3 percent, especially the improved economy of the United States which will drive the growth engine of many countries with the exception of China.

 

Full story: http://englishnews.thaipbs.or.th/nesdb-predicts-thailands-growth-rate-year-3-4-percent/

 

-- © Copyright Thai PBS 2017-02-21

tales of the UN-expected

4 hours ago, webfact said:

compared to 2.9 percent a year earlier

A little fudging: The Thai economy for the year 2015 grew by 2.8 percent.

http://www.thaivisa.com/forum/topic/884010-kbank-research-center-sees-positive-but-cautious-recovery-for-thai-economy-in-2016/

https://www.oxfordbusinessgroup.com/overview/bouncing-back-government-prioritising-return-strong-growth-rates-after-recent-slowdown

 

 

9 hours ago, webfact said:

thanks to global economic recovery,

Trump could end up being the wild card in all of this.