FISCAL OFFICE RAISES GDP GROWTH FORECAST TO 3.6%
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The Fiscal Policy Office has raised its economic growth forecast this year to 3.6 per cent from 3.4 per cent, said director general Krisada Chinavicharana.
He said rising exports and government spending would support higher growth rate. The office now projects export of goods and services to expand by 3.2 per cent this year, compared with 2.1 per cent last year, while the value of export goods in dollar term is expected to grow 4.7 per cent, up from 0.1 per cent last year.
Faster government spending on infrastructure projects, such as construction of new expressways and double-track rail could push GDP growth by 4 per cent, he said.
