PM pleased with upward growth revision by ADB
Prime Minister Prayut Chan-o-cha has welcomed the upward revision of Thailand’s projected economic growth for 2018 from 4.0 to 4.2 per cent by the Asian Development Bank, Government Spokesman Lt-General Sansern Kaewkamnerd said on Saturday.
Sansern said Prayut was happy when he was informed that the ADB had raised its projection for Thailand’s growth to 4.2 per cent, compared to the 4-per-cent projection in April.
“The prime minister said a key factor contributing to the improvement in Thailand’s economy was strong exports,” Sansern said.
Exports registered 5-per-cent growth in the first quarter of this year. Increased investments by the private factor and rising consumption by consumers also contributed to the growth, Sansern quoted the premier as saying.
The spokesman said Prayut had also been informed that the trade tensions between the US and China have so far had no impact on Asia and Thailand.
The PM said that during Thailand’s political crisis, growth had shrunk to only 0.8 per cent but the Kingdom was gradually seeing higher growth, Sansern added.