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Thai economy seen growing 3% in Q1, 3.5-4.0% for 2015: ministers

Wednesday, March 18, 2015 - 14:16
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The Thai economy is expected to show annual growth of 3.0 per cent in the first quarter, and growth is expected to be in the range of 3.5-4.0 per cent for 2015, cabinet secretary Ampon Kittiampon told a news briefing after a meeting of economic ministers.

[BANGKOK] The Thai economy is expected to show annual growth of 3.0 per cent in the first quarter, and growth is expected to be in the range of 3.5-4.0 per cent for 2015, cabinet secretary Ampon Kittiampon told a news briefing after a meeting of economic ministers.

Faster government spending and a strong performance by the tourism sector were key factors in the estimate of first quarter growth, said Arkhom Termpittayapaisith, secretary-general of the National Economic and Social Development Board (NESDB).

Last year, the economic growth was 0.7 per cent.

REUTERS