Print Edition - 2018-10-07  |  Money Digest

WB forecasts 4.5 percent growth for Thailand

BANGKOK

Oct 7, 2018-

The World Bank has said that Thailand’s economy will grow 4.5 percent this year, 0.4 percentage points higher than forecast in April this year. In its latest edition of the World Bank’s Thailand Economic Monitor, the latter indicated on Thursday that public spending on infrastructure projects has been driving economic growth, a faster pace since 2013. However, over the medium term, Thailand needs to improve its human capital and education system to increase its competitiveness, Sudhir Shetty, World Bank chief economist for the East Asia and Pacific, said via a video conference.   Thailand’s growth is expected to slow down to 3.9 percent in 2019 and 2020. (XINHUA)

Published: 07-10-2018 08:12

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