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Annual Growth May Reach 5 Percent, Thailand Finance Ministry Says.
Jul. 4--Recent data point to a clear improvement in the economy, with the Finance Ministry projecting that overall growth for the year could reach as high as 5 percent.
Sathit Limpongpan, director-general of the Fiscal Policy Office, said second-quarter growth was likely to outstrip the 3.9 percent year-on-year growth posted from January to March.
Overall, the economy for the first half was expected to grow well over 4 percent compared with the same period last year.
Dr Sathit noted that export earnings in May rose 3.16 percent from the year before, the second consecutive month of gains.
Higher value-added tax revenue also pointed to a ...
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Source: HighBeam Research, Annual Growth May Reach 5 Percent, Thailand Finance Ministry Says.