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Thailand’s 2017 GDP growth forecast at 3.6 percent

The Finance Ministry of Thailand has said the country’s economy will grow 3.6 percent this year as forecast earlier.
Thailand’s 2017 GDP growth forecast at 3.6 percent ảnh 1Thailand’s 2017 GDP growth forecast at 3.6 percent (Illustrative image. Source: AFP/VNA)
Bangkok (VNA) – The Finance Ministry ofThailand has said the country’s economy will grow 3.6 percent this year asforecast earlier.

The latest report released by the ministry’s Fiscal Policy Office showed thatthe recovery of the global economy will boost Thai exports, which are expectedto increase 4.7 percent this year.

The economy will be driven by exports and government spending, while privateinvestment in the construction sector is likely to slow down.
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Earlierthis month, the Bank of Thailand raised its 2017 economic growth forecast to3.5 percent from 3.4 percent, with exports up 5 percent instead of 2.2projected previously.

In 2016,the Thai economy expanded 3.2 percent.-VNA
VNA
#Finance Ministry of Thailand#economy#Fiscal Policy Office#government spending#private investment#economic growth
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