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Thailand: State investment expected to fuel economic growth

Due to global weak demand and ongoing trade tensions, State investment in big-ticket infrastructure projects and the government's Eastern Economic Corridor (EEC) flagship appears to be one of the few lifelines that Thailand can bank on to maintain economic growth momentum in 2020.
Thailand: State investment expected to fuel economic growth ảnh 1Illustrative image (Photo: Ashton Hawks) 
Bangkok (VNA) - Due to global weak demand and ongoing trade tensions, Stateinvestment in big-ticket infrastructure projects and the government's EasternEconomic Corridor (EEC) flagship appears to be one of the few lifelines thatThailand can bank on to maintain economic growth momentum in 2020.

According tothe Bangkok Post on January 2, making Stateinvestment happen will also have a knock-on impact on private investment, whichwas weaker than expected in 2019 due to the prolonged struggle to establish anew government.

The National Economic and SocialDevelopment Council said 17 key infrastructure projects worth 25.96 billion USDhave been approved by the cabinet. Some are scheduled to be up and running in2020 and 2021.

Thailand’s private investment is expected to reach 4.6 percent this yearcompared to 2.7 percent in 2019.

Thai Finance Ministry’s experts predicted that the economy will expand by 3.3percent this year./.
VNA
#global weak demand#State investment#Vietnamplus#Vietnam News Agency#Eastern Economic Corridor#economic growth momentum
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