BANGKOK, 29 April 2015 – The Deputy Prime Minister for Economic Affairs has spoken on factors that would stimulate the economy, as the country’s export sector continues to underperform.
Deputy Prime Minister MR Pridiyathorn Devakula revealed that national growth in last year’s third quarter was at 0.6 percent, followed by a 2.3 percent growth in the fourth quarter.
Economic growth in the first quarter of this year has increased slightly to 3 percent. The Deputy PM attributed the improved growth to the current administration, an increase in private sector investments and the reviving tourism sector.
MR Pridiyathorn said that despite a 4.2 percent decrease in exports, private sector investment and tourism would greatly benefit the country’s overall growth in the following quarter.