2012 Q4 GDP growth 15.9%
- Published: 30 Jan 2013 at 15.44
- Online news: Local News
Thailand's gross domestic product (GDP) growth in the fourth quarter of 2012 is expected to come in at 15.9% after all the information is collated, a substantial increase from the contraction of 8.9% in the fourth quarter of 2011, Ekniti Nitithanprapas, deputy director general of the Fiscal Policy Office, said on Wednesday.
When combined with the 2.6% economic expansion over the first three quarters of last year, GDP growth for 2012 would stand at 5.7% as targeted, he said.
Mr Ekniti projected the economic growth for this year at 5%, on the back of a 10% gropwth in exports.
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