NESDB sticks to economic growth forecast of 4.2-4.7% after good first half
The National Economic and Social Development Board has maintained its forecast for the country’s economic growth this year at between 4.2 per cent and 4.7 per cent, after witnessing expansion of 4.8 per cent in the first half, office secretary-general Thosaporn Sirisumphand said on Monday.
The Thai economy grew 4.6 per cent, year on year, in the second quarter.
The second-quarter growth rate was due to rising consumer spending and investment by the private sector, while the government’s investment and tourism business also continued to drive the country’s expansion in the period, he added.
