Tourism strong enough to expand economy by 3%
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THE Council of Economic Ministers maintains that the economy will be able to expand by more than 3 per cent in 2015 as tourism is still going strong. Exports are predicted to pick up in the fourth quarter with the weaker baht while the process of private
MR Pridiyathorn Devakula, deputy prime minister in charge of the economy, said exports had contracted by 4.84 per cent in the first six months due to the drop in global oil prices, which affected commodities and agriculture prices. But other countries are facing a similar situation and Thailand is lucky to have a flourishing tourism sector to help support the economy during the slowdown of global demand.
