Economic growth

Government seeks to expand 2027 national budget to US$117b – 6% above 2026’s – to boost economy

Expansion is now expected to be 3.5% to 4.5%, below already lowered expectations of 5% to 6%

It will drive the expansion through ‘four pillars’ including investment and trade, a ministry presentation shows

In the past 10 years, ageing has reduced annual output by about 0.4 percentage points

Unlike politicians, economists admit that they don’t know why countries prosper or stagnate

It follows a bumper first quarter when Britain enjoyed strong growth

The country has been using state finances to keep fuel prices unchanged

The Bank of Thailand is not worried about stagflation, Vitai Ratanakorn adds

Its pickup of 0.6% for Q1 as a whole marks the third year running of strong expansion in the first quarter