You are here

Thai economy to grow about 3% y/y in Q1: planning agency

Thursday, April 16, 2015 - 16:22

[BANGKOK] Thailand's economy is expected to expand around 3.0 per cent in January-March from a year earlier, helped by lower energy prices and strong tourism, a government official said on Thursday.

Exports should grow 3.5 per cent this year, Arkhom Termpittayapaisith, secretary-general of the national planning agency and deputy transport minister told reporters.

The agency, known as the National Economic and Social Development Board, will report first-quarter growth on May 18.

The planning agency maintained its full-year GDP growth forecast of 3.5-4.5 per cent, Arkhom said.

He also said economic ministers have asked the Bank of Thailand to monitor the baht to ensure that it is not too strong.

REUTERS

Powered by GET.comGetCom