Thai Economy To Grow 1.4% In 2014

According to the Fiscal Policy Office, the Thai Economy is expected to increase by 1.4% this year, which is much higher than assumptions made a few months ago when political instability was occurring.

In fact, Kritsada Chinawicharana, Director of the Fiscal Policy Office (FPO), affirmed on Thursday: “The clearer political direction and recent economic stimulus measures will result in higher growth in consumption and private sector investment.”

Also, the economy shall grow by 2.9% in the last months of 2014 considering the healthy situation of the country as of now.

Regarding 2015, the FPO expect the economy to grow by 4.1% as a result of a boost in higher consumerism, increase in private sector investment and also state sector spending. Exportation is expecting to grow 6.5% as well thanks to the recovery of trading partners’ economies.