Thailand revises up economic growth
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.
Rice sold at a store in Bangkok (Photo: AFP/VNA)Bangkok (VNA) – 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 forecast came after the Government decided to increase mid-year budget spending to 190 billion THB (5.3 billion USD).
It took into account increases of 1.5 percent basic interest, 5.1 percent in public spending and 10.1 percent in public investment. Meanwhile, the number of foreign arrivals to Thailand is expected to hit 35 million from 32.6 million in 2016.
The FPO said under favourable conditions, the economy could even grow 4 percent this year.
FPO Director-General Krisada Chinavicharana noted that the acceleration of state spending would give a boost to export and private investment.
Pimchanok Vokorpon, Director-General of the Commerce Ministry’s Trade Policy and Strategy Office, predicted export growth will be between 2.5 and 3.5 percent, adding that the US’s new trade policies under Trump’s administration would bring both opportunities and challenges to the Thai economy.-VNA
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
ASEAN
ASEAN Future Forum 2024 wraps up in Hanoi
The ASEAN Future Forum 2024 (AFF 2024) wrapped up in Hanoi on April 23 after a day of productive discussions.
ASEAN
ASEAN Future Forum 2024 looks to ensure comprehensive security for community
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
ASEAN
ASEAN Future Forum 2024 enters first session
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
ASEAN
Canada, ASEAN consolidate climate change response, economic cooperation
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
