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Thai Q4 GDP growth will be at least 2.5% y-o-y: deputy PM

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The Thai economy is expected to grow at least 2.5 per cent from a year earlier in the fourth quarter, Deputy Prime Minister Pridiyathorn Devakula said on Monday.

[BANGKOK] The Thai economy is expected to grow at least 2.5 per cent from a year earlier in the fourth quarter, Deputy Prime Minister Pridiyathorn Devakula said on Monday.

The estimate was lower than the finance ministry's forecast last month that annual GDP growth will be slightly more than 4 per cent in October-December.

Pridiyathorn said fourth-quarter growth could be 3 per cent if the government accelerated budget spending. "Government measures launched previously, such as funds for farmers as well as pending budget spending in the pipeline, have been delayed by one to one and a half month. I expect to see Q4 GDP growth of at least 2.5 per cent," he told reporters.

REUTERS

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