The FPO predicts private consumption this year is expected to expand by 4.5%. The Fiscal Policy Office (FPO) has maintained its average forecast for Thai economic growth this year at 4%, mainly as a result of recovering domestic consumption and the tourism sector, says the office's director-general Pornchai Thiraveja. The FPO predicted economic growth this year within a range of 3.5-4.5%, he said on Friday. The office upgraded its forecast for 2021 economic growth to an average of 1.2% from 1% as a result of strong exports, state stimulus packages and a successful vaccination programme. According to the FPO, private consumption this year is expected to expand by 4.5%, while export sector growth is forecast at 3.6%.

Source: Bangkok Post January 29, 2022 03:02 UTC