Govt calls for more investmentFinance Minister Arkhom Termpittayapaisith yesterday urged people to invest in the kingdom while the economy is on an upward trend and the Bank of Thailand (BoT) is trying to maintain a favourable policy interest rate to support growth. He said Thailand's economic growth this year is forecast at an average of 3.5%. However, first-quarter growth was only 2.2%, so the country must achieve an average growth rate of 5% in the remaining quarters to meet the 3.5% goal, he said. He said several agencies have cut their GDP growth forecast due to last year's growth rate of 1.6%, which was relatively low when compared with other countries in Asean. Mr Arkhom said Thailand must maintain a positive attitude because the Covid-19 pandemic is easing and consumer spending is on the rise.

Source: Bangkok Post June 07, 2022 04:09 UTC