GDP this year to grow over 3.5%

The economic growth this year is expected to stay over 3.5%.

The growth was attributed to the export outlook this year which economists said remain positive and bright.

The growth projection was voiced by Deputy Prime Minister Somkid Jatusripitak yesterday.

He said that the improvements in exports taken alongside the accelerated investments in public projects by the government and the sustained improvements in tourism will allow the GDP to grow by 3.5% this year.

He went on to confidently assert that exports for 2017 should be able to achieve double digit growth.

Commenting on the resistance being voiced by certain parties towards the proposed formulation of a 8 billion baht Capital Market Development Fund (CMDF), the deputy prime minister stated that the matter was still under review and should be concluded soon.

Source: Thai Public Broadcasting Service (Thai PBS)

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