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The Fiscal Policy Office (FPO) of Thailand forecast this country’s economy will pick up next year at 4 percent as the pandemic situation is expected to improve and the country reopens on November 1.

Thailand will have to improve in three areas in order to handle key problems in the future, Finance Minister Arkhom Termpittayapaisith has said.

The Finance Ministry of Thailand has revised down its economic growth forecast in 2021 for the third time to 1.3 percent from 2.3 percent predicted earlier as the country is struggling with COVID-19.

Thailand’s plan to fully reopen the country within 120 days would support economic growth of 2.3 percent this year as forecast by the Fiscal Policy Office (FPO), said the office's director-general Kulaya Tantitemit.

The Thai government has pledged to revitalise tourism, stimulate domestic spending, and spur exports and investment to help economic growth reach its 4-percent target this year, local media reported.

The Thai economy may fare better than expected, helped by recovering domestic consumption and exports, according to the Fiscal Policy Office (FPO).

Thailand’s Ministry of Finance met on April 9 to hash out details of a planned cash handout for almost 9 million farmers to inject liquidity into the economy amid the slowdown brought on by the COVID-19 outbreak.

The Fiscal Policy Office (FPO) of Thailand’s Finance Ministry cut its 2020 economic growth forecast to 2.8 percent from 3.3 percent projected earlier.

Private investment in Thailand was forecast to grow 4.6 percent in 2020, up from 2.7 percent predicted for 2019.

The Thai cabinet on August 20 approved an economic stimulus package, worth 316 billion THB (over 10 billion USD), to boost the country’s sluggish economy.

The Thai government has freshly launched an economic stimulus package worth 21.8 billion THB (680 million USD) to deal with signs of an economic slowdown and spur domestic consumption to offset weaker exports.

The Fiscal Policy Office sees the Thai economy achieving total growth of 4.5 percent for the year of 2018.

Thailand’s economy is expected to expand 4 percent in the second quarter of 2018 driven by personal consumption, public spending and increasing exports, said the Fiscal Policy Office (FPO) under the Ministry of Finance.

The Fiscal Policy Office (FPO) of the Thai Ministry of Finance forecast the country’s economic growth rate in 2018 at 4.2 percent and revised the growth last year up to 4 percent from the previous 3.8 percent.

The Fiscal Policy Office under the Ministry of Finance has revealed that Thailand's economy may expand by up to 4 percent this year, due to continuous economic recovery.

The Finance Ministry of Thailand has said the country’s economy will grow 3.6 percent this year as forecast earlier.

The Fiscal Policy Office (FPO) under Thailand’s Ministry of Finance has raised its growth forecast for the country in 2017 by 0.2 percent to 3.6 percent.

The Fiscal Policy Office of Thailand has reported that the local economy in May 2016 significantly improved following the first increase in auto sales in 36 months at 8.3 percent.