Arab Today, arab today thailand\s gdp forecast lowered to 37
Last Updated : GMT 11:24:12
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Thailand\'s GDP forecast lowered to 3.7%

Arab Today, arab today

Arab Today, arab today Thailand\'s GDP forecast lowered to 3.7%

Bangkok - XINHUA

Thailand\'s Finance Ministry adjusted the country\'s gross domestic product (GDP) forecast for the year from 4 percent to 3.7 percent, Thai News Agency reported on Saturday. Somchai Sujjapongse, director of the Fiscal Policy Office, said this year\'s GDP would not reach 4 percent unless the government speeds up its 2014 budget spending. A budget of 2.75 billion US dollars from a total of 19.20 billion dollars must be injected into the system before the end of this year, he said. The ministry also predicted a 5.1 percent growth next year due to a planed infrastructure development investment, which amounts to 64 billion dollars, he added.

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