Speaking today the Secretary-General of the National Economic and Social Development Board said that the Thai economy grew by 4 percent year-on-year during the last quarter of 2017 and the full year’s growth amounted to 3.9 percent an increase of 0.6 percent on 2016 growth which was 3.3 percent.
He noted that the economy’s expansion grew by 0.5 percent in the last quarter of 2017 suggesting further expansion is on its way during the first quarter of this year.
He said that private consumption has risen by 3.5 percent year-on year with that figure being largely attributed to consumers purchasing increased numbers of durable goods.
Private investment also increased during the final quarter of 2017 up by 2.4 percent, however the third quarter of 2017 did see an increase of 2.5 percent compared to that of 2016.
Thai exports nominated in dollars also had a strong end to the year boasting an impressive 11.6 percent year-on-year growth.
Source: The Nation
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