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Thailand predicts 4.5 percent growth in 2015

The Thai economy is expected to grow 4.5 percent in 2015, according to the National Institute of Development Administration.
The Thai economy is expected to grow 4.5 percent in 2015, according tothe National Institute of Development Administration.

Theincrease will stem from stimulated public expenditure, economic recoveryof the country’s major trade partners, and the formation of the ASEANeconomic community (AEC).

Domestic investment is expected togrow 8 percent thanks to the launch of a number of the government’sinvestment projects in the second quarter and projects worth 1.3trillion THB (39.5 billion USD) approved last year.

Exportsare projected to increase by 5 percent from improved internationaltrading with major partners such as the US and China.

Meanwhile, Thailand’s stock market is predicted to increase 1,750 pointsfollowing the implementation of a cooperative plan between the nationand the AEC. Currently, a quarter of Thai total trade revenue,representing up to a trillion THB (30.4 billion USD), is generatedthrough transactions between regional economies destined to becomemembers of the future AEC.

Thanks to government policiesto raise local income and boost public spending, domestic consumptionand private investment are expected to increase by 4 and 8 percent,respectively.-VNA
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