Thailand's main export industries (Photo: chiangraitimes.com)Bangkok(VNA) - The Fiscal Policy Office (FPO) under the Thai Ministry of Finance hasraised its growth forecast for the country in 2017 to 4 percent as economicconditions have been improved.
According to the FPO, an increase of 3.4 percentin the country’s added value revenue in February showed higher consumptionexpenditure. Meanwhile, a recovery in agricultural production and rising pricesof food will also be driving factors for national economic growth.
Previously, the Ministry of Finance forecastedthe country’s economy would expand 3.6 percent and can reach 4 percent in 2017if public investment and consumption stimulus packages for low- income earnersare effectively implemented.
If disbursement of public spending-fundedprojects is accelerated, there is a good possibility for exportsand private investment to expand, said FPO Director General KrisadaChinavicharana.
Meanwhile, Deputy Director of the CommerceMinistry's Trade Policy and Strategy Office Pimchanok Wornkorporn predicted Thailand’sexports will grow by 2.5- 3.5 percent and even as much as 5 percent in 2017.
She added that factors contributing toThailand's export growth are crude oil (with price estimated at 50-60USD/barrel) and the exchange rate maintained at 35.5-35.7 THB a US dollar.- VNA
According to the FPO, an increase of 3.4 percentin the country’s added value revenue in February showed higher consumptionexpenditure. Meanwhile, a recovery in agricultural production and rising pricesof food will also be driving factors for national economic growth.
Previously, the Ministry of Finance forecastedthe country’s economy would expand 3.6 percent and can reach 4 percent in 2017if public investment and consumption stimulus packages for low- income earnersare effectively implemented.
If disbursement of public spending-fundedprojects is accelerated, there is a good possibility for exportsand private investment to expand, said FPO Director General KrisadaChinavicharana.
Meanwhile, Deputy Director of the CommerceMinistry's Trade Policy and Strategy Office Pimchanok Wornkorporn predicted Thailand’sexports will grow by 2.5- 3.5 percent and even as much as 5 percent in 2017.
She added that factors contributing toThailand's export growth are crude oil (with price estimated at 50-60USD/barrel) and the exchange rate maintained at 35.5-35.7 THB a US dollar.- VNA
VNA
