FPO hopes 4% growth still possible | Bangkok Post: business

Business > News

FPO lowers economic forecast

- +

The Fiscal Policy Office (FPO) has its trimmed economic growth projection for this year, from 4.5% down to 4%, citing a slump in exports and a slowdown in domestic consumption and private investment. 

FPO deputy director Ekniti Nitithanprapas said on Monday that the economy banked on the third and fourth quarters to grow at least 4.4% and keep its 4% forecast intact.

The country’s economy grew 5.3% in the first three months, in line with the FPO's projection, but the second quarter is epected to fall below its 4% forecast.

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

3 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