Citing spending, FPO hikes forecast | Bangkok Post: business

Business > News

Citing spending, FPO hikes forecast

Office now sees 5.3% GDP growth in 2013

- +

The Finance Ministry's Fiscal Policy Office (FPO) has raised this year's GDP growth forecast to 5.3% from 5% on the back of solid domestic consumption, healthy private investment and big government spending. 

But it cut the export growth forecast, largely due to the strengthening baht.

Director-general Somchai Sujjapongse said the positive momentum of private consumption and investment should continue, while government spending will get a boost from the 350-billion-baht water management plan.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments