Thai Q4 GDP growth will be at least 2.5% y-o-y: deputy PM
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
