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Thai Economy May Grow Faster

Thai Economy May Grow FasterThai Economy May Grow Faster

Thailand’s economy could grow faster this year than the finance ministry’s forecast of 3.4%, helped by extra government spending and improved exports, a senior ministry official said on Wednesday, Reuters reported. “The situation has changed and that will make the GDP grow more than expected,” Krisada Chinavicharana, head of the fiscal policy office, told reporters. Better exports, oil prices and global economic prospects will also help, he said. The ministry will give updated growth and export projections on Jan. 30, he said. Earlier this month, the government approved an additional 190 billion baht ($5.39 billion) in spending for the current fiscal year, which started in October. 

 

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