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Thai stimulus may lift GDP growth above 3% this year: Deputy PM

Thailand's Deputy Prime Minister Somkid Jatusripitak gestures during an interview with Reuters at Government House in Bangkok, Thailand on Sept 21, 2015.

[BANGKOK] Thailand's economy may grow more than three per cent this year, helped by stimulus measures, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.

Barring any shocks from China, growth in Thai gross domestic product (GDP) "will probably exceed three per cent," he told a seminar.

On Monday, the state planning agency projected 2015 GDP growth at 2.9 per cent while the central bank predicts 2.7 per cent.

Southeast Asia's second-largest economy has yet to get back on track after more than a year of military rule. Growth last year was just 0.9 per cent.

In a bid to lift activity, the junta recently approved stimulus measures aimed at helping rural areas, small firms and the property sector.