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BOT: Economy is improving

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The economy is expanding slowly this year but is expected to grow noticeably next year, Prasarn Trairatvorakul, governor of the Bank of Thailand, said on Thursday. 

He said the factors that drove the national economy were being restored, and they included spending by the government. Spending under the 2015 fiscal budget would start this October and its merits would be obvious next year.

Export were not an important factor supporting the national economy this year because the global economy was recovering slightly, Mr Prasarn said.

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