Bangkok (NNT/VNA) – The Fiscal Policy Office sees the Thai economy achieving total growth of 4.5 percent for the year of 2018. 

Director of the Macro Economic Policy Office of the Fiscal Policy Office (FPO) Pisit Puaphan said the office had yet to adjust its economic projection for 2018 despite changes to the policy interest rate, seeing the rate as only one factor among many internal and external factors affecting the Thai economy. It has maintained a growth projection of 4.5 percent this year, up from 3.9 percent last year with the expectation that end of year spending will accelerate. 

The office is also basing its positivity on expansion in the tourism sector, which it believes will see 4.5 percent growth for the entire year. 

The nation’s economic standing remains positive with inflation slowing to 0.9 percent on the back of falling world fuel prices. Public debt to GDP is at 41.7 percent, well under a ceiling set at 60 percent. - NNT/VNA