Foreign Media report Thailand’s GDP expanded 2.8% last year after government stimulus measures

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BANGKOK- Bloomberg and NHK report that the Thai economy expanded more than analysts expected in Q4 last year, because of economic stimulus measures by the government. 

The National Economic and Social Development Board (NESDB) reported that the GDP of Thailand in 2015 expanded by 2.8% due to an acceleration of budget disbursements by Prime Minister General Prayuth Chan-o-cha in agricultural and export sectors.

In addition, the Bank of Thailand (BoT) explained that the BoT will moderate its financial policy, but still stick to its interest policy.