‘Thailand 4.0’ should get GDP growth up to potential, World Bank says
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The World Bank believes Thailand should be able to achieve long-term annual economic growth of 4-5 per cent if the government can successfully push through its “Thailand 4.0” model.
The new economic model would help draw private investment, the Bank’s economist for Thailand, Kiatipong Ariyapruchya, said Wednesday.
The World Bank is the latest major global institution to revise upward its forecast for Thailand’s economic growth for this year, now predicting 3.1 per cent, up from its forecast of 2.5 per cent in June.
