FPO ups 2012 GDP growth to 5.7% | Bangkok Post: business

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FPO ups 2012 GDP growth to 5.7%

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The Fiscal Policy Office (FPO) has revised up its gross domestic product growth projection for 2012 to 5.7%, from the previous forecast of 5.5%, director general Somchai Sajjapong said on Wednesday. 

FPO chief said the revision was based on the fact that domestic consumption and private investment had substantially increased, even though exports expanded by only 3.9%, less than the previous expectation of 4.5%.

Private investment rose by as much as 16.1%, the highest in the past eight years, he added.

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