Private sector forecasts 3.6% GDP growth as exports improve

[webfact]

Private sector forecasts 3.6% GDP growth as exports improve

 

 

BANGKOK, 6 June 2017 (NNT) - Thailand's economy has continued to recover, while higher agricultural prices have boosted consumer spending and private sector confidence.

Economic indicators from the Office of the National Economic and Social Development board, as well as strong export figures, have supported a positive outlook on the Thai economy. Global economic conditions have also improved, especially in the United States, which will further strengthen Thai exports. 

The Thai government this year is focused on income distribution to all regions according to its "local economy" policy, with the private sector signaling support for the initiative. 

The University of the Thai Chamber of Commerce and private organizations have forecast 3.6% growth in the country's gross domestic product this year, as exports are expected to continue growing in the second half of the year. 

The country's tourism and agricultural sectors will be the main drivers of growth this year, while the government's infrastructure investments, especially its Eastern Economic Corridor (EEC), will help the economy grow as expected.

 

-- nnt 2017-06-06

[Thechook]

Baht rising and exports going up, how does that work, wouldn't it be more expensive to buy thai  products?

[Srikcir]

11 hours ago, webfact said:

The country's tourism and agricultural sectors will be the main drivers of growth this year

Don't need Thailand 4.0 to support those industries.

Both of which are very susceptible to climatic conditions, government financial support and politics.