Thai economy continues strong growth in fourth quarter

Economy February 19, 2018 10:17

By The Nation

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The Thai economy grew by 4 per cent year-on-year (yoy) in the last quarter of 2017, while full-year growth was 3.9 per cent, up from 3.3 per cent in 2016, said Porametee Vimolsiri, Secretary General of the National Economic and Social Development Board on Monday.

Seasonally adjusted, the economy in the fourth quarter expanded 0.5per cent quarter-on-quarter, suggesting continued expansion, he said.

Private consumption rose 3.5 per cent yoy, largely due to consumers buying more durable goods, while private investment increased 2.4 per cent yoy, slightly down on the 2.5 per cent in the third quarter.

Public investment declined 6 per cent yoy, due to slower spending of items outlined in the budget, he noted, while exports of goods nominated in dollars expanded 11.6per cent yoy.