November 21, 2017 | 21:12 (GMT+7)
Thailand’s economy forecast to grow 3.9 percent in 2017
The Office of the National Economic and Social Development Board (NESDB) has forecast that Thailand's 2017 economy will expand by 3.9 percent and will continue its growth momentum into next year.
A corner of Bangkok. Photo: telegraph.co.uk
NESDB Secretary-General Porametee Vimolsiri revealed that the Thai economy in the third quarter of the year is expected to expand by 4.3 percent, due to the export sector registering a 19-quarter high of 12.5 percent growth, along with economy recovery in the country's trade partners and improvements commodity prices worldwide.
Thailand's economy this year is expected to expand by 3.9 percent due to the government's stimulus policies, although risks remain in external factors and exchange rates. The 2018 economy is forecast to expand in the range of 3.6 - 4.6 percent due to global recovery, state investment projects, and growth in the tourism and consumer sectors.
Over the past three years, the government has sought to boost the Kingdom's credibility among investors and maintain political and economic stability. Its efforts have reportedly resulted in an annual growth rate of almost 4 percent
Source: VNA