Economy could expand by 4.5% this year, govt committee says
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The economy will grow by 3.8-4.5 per cent this year thanks to government investment and private-sector efforts, the government’s Joint Standing Committee on Commerce, Industry and Banking has forecast.
It expects exports to grow by 3.5-6 per cent.
Chairman Kalin Sarasin said the committee believes the economy grew by not less than 4 per cent in the fourth quarter of 2017, driving overall economic growth up 3.9 per cent for the full year.
He said, though, that the committee was concerned over the baht’s strength, which would have a negative impact on export growth this year.
The value of exports increased by 10 per cent last year, he noted.
