Growth rate of next year's first quarter can reach 4 per cent : Pridiyathorn
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The economic growth rate of the fourth quarter reached 3 per cent and higher consumption and investment in the country will contribute to the 4 per cent projected growth rate of the first quarter next year, Deputy Prime Minister Pridiyathorn Devakula anno
During the government’s three-month performance announcement, the deputy premier said the first quarter GDP in 2014 was -0.5 per cent, the second quarter 0.4 per cent and the third quarter 0.6.
As for the fourth quarter, the present government’s efforts resulted in result in a 3 per-cent growth rate mainly due to the government’s disbursement of investment budget worth Bt733 billion from October 1 to December 19, said the deputy PM.
Other factors which contributed to the 3 per cent growth rate was increasing consumption in the household sector from November to December this year, following oil price decrease. Increasing investment in the private sector also helped the fourth economy expanded.
Pridiyathorn however warned that decreasing oil price would be a risk factor and expressed his concern over domestic rubber price.
