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Thai economy can grow 3.3-3.4% this year on stimulus: official

Thursday, November 24, 2016 - 11:37

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Thailand's economy can still grow around 3.3-3.4 per cent this year thanks to government stimulus measures, a senior finance ministry official said on Thursday.

[BANGKOK] Thailand's economy can still grow around 3.3-3.4 per cent this year thanks to government stimulus measures, a senior finance ministry official said on Thursday.

Growth is expected to pick up to 4.4-4.5 per cent next year, also driven by public infrastructure projects, Somchai Sujjapongse, the finance ministry's permanent secretary, told reporters.

The government has said it will introduce additional measures in a bid to boost year-end spending and activity.

South-east Asia's second-largest economy expanded 2.8 per cent last year.

REUTERS

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