BANGKOK: Thailand's economy is expected to grow 3.7 this year, according to the finance ministry, slightly down from its previous forecast of 3.8 percent, due to sluggish exports.
Growth will be helped by government investment and economic stimulus, the ministry said in a statement on Thursday.
The ministry predicts exports, a key driver of the economy, will grow just 0.1 percent this year, with a forecast range of a 0.4 percent fall and a 0.6 percent rise.
The ministry maintained its GDP growth forecast for 2015 at 2.8 percent. Official 2015 GDP data is due on Feb. 15.
Thailand's economy has yet to get on firm track since the army seized power to end political unrest in May 2014 as exports and domestic demand have remained persistently weak. Growth in 2014 was just 0.9 percent, the weakest pace in three years.
Comments
Comments are closed.