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Thai 2016 GDP growth seen at 3.5% vs 2.9-3.0% in 2015: Deputy PM

Thursday, December 17, 2015 - 11:03
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Thailand's economic growth should accelerate to 3.5 per cent in 2016 from 2.9-3.0 per cent this year as government stimulus measures take effect, Deputy Prime Minister Somkid Jatusripitak said on Thursday.

[BANGKOK] Thailand's economic growth should accelerate to 3.5 per cent in 2016 from 2.9-3.0 per cent this year as government stimulus measures take effect, Deputy Prime Minister Somkid Jatusripitak said on Thursday.

"We hope (all the moves) will lift the confidence of both consumers and industrial sectors," Mr Somkid said in a speech to a business seminar.

The domestic economy showed signs of quicker growth in the third quarter and this was expected to continue through 2016, he said.

The Bank of Thailand on Wednesday pegged its forecast for 2016 economic growth at close to 3.7 per cent.

REUTERS