The Fiscal Policy Office (FPO) of the Ministry of Finance expects the country’s GDP in the second quarter of 2018 to expand at the rate of four percent.
FPO advisor Warothai Kosolpisitkul said today the country’s GDP will grown no less than four percent between April and June, attributing the expected rise to the 10 percent export growth.
He added that the overall economy expanded in the month of April, which is an indicator of the recovery in private consumption and spending.
In addition, Thai exports expanded for 14 consecutive months in April to 12.3%, while the number of foreign tourists surged 9.4 percent to 3.09 million people.
Meanwhile, the public debt to GDP ratio was 41.2 percent in April which Warothai said was within the framework of financial sustainability.
Lastly, the April consumer confidence index stood at 67.8 which was the highest mark in the past 38 months or since March 2015.