The Office of the National Economics and Social Development Board (ONESDB) has forecast that the Thai economy is on target for 3.5% economic growth.
ONESDB Secretary-General Poramethee Vimolsiri today said that economic growth in 2017 will increase by 3.0 – 3.5% year on year, enough to strengthen investor confidence in the Kingdom.
The ONESDB indicated that it may revise next year’s forecast to 4% growth, due to current positive factors. However, Thailand’s economy remains susceptible to global shocks and changes in domestic investment.
The ONESDB revealed that state enterprise investment has expanded since the beginning of the year. State enterprise spending grew 12% from December to January, and 48% from January to February.
Poramethee claimed that the growth was reflected Deputy Prime Minister Somkid Jatusripitak’s economic policy, which is targets 95% disbursement of state enterprise budgets to stimulate the economy.
