The Thai economy may have already seen the nadir of its potential growth rate, suggesting that the recovery is gaining speed, says Finance Minister Apisak Tantivorawong. Apisak: Forecast for 2017 right on trackAlthough the full-year economic reading is not yet available, the 4% GDP growth for 2017 forecast by the Fiscal Policy Office (FPO) is likely close to the real figure, Mr Apisak said. His comment is based on the FPO's economic growth estimates of 4% last year and 4.2% this year. Should the FPO's forecast of 4.2% GDP growth in 2018 take hold, it would be the strongest growth tally since 2012. Government spending for fiscal 2018 is on a par with last fiscal year, with both years featuring supplementary budgets, he said.

Source: Bangkok Post February 04, 2018 21:11 UTC