(File photo)The Fiscal Policy Office (FPO) is maintaining its forecast for the country's economic growth at 4.5% as private consumption picks up and investment counters sagging global demand. The Finance Ministry's think tank marginally trimmed the average economic growth forecast for 15 trading partners to 3.99% from 4.03% predicted in July. Thailand's exports in September fell 5.2% year-on-year, fetching US$20.7 billion (687 billion baht), after growing 6.7% in August, 8.3% in July, 8.2% in June and 11.4% in May. He said stronger than expected economic growth for the six months through June at 4.8% year-on-year is another reason the FPO maintained this year's economic growth. Private investment growth is predicted to stay at 3.9%.

Source: Bangkok Post October 29, 2018 21:56 UTC