Thai growth accelerates in 2015

AFP, BANGKOK: Thailand’s economic growth accelerated in 2015, official figures showed yesterday, after the junta boosted spending to pump up an economy that has wilted amid years of political turmoil.
High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia’s flagship economy.
The ruling military has tried to spend its way out of the malaise, especially on farmers who have been hit by slumping global commodities prices and now face severe drought.
As a result gross domestic product rose 2.8 per cent last year, according to data from the Office of the National Economic and Social Development Board, rebounding from 0.8 per cent in 2014, its slowest rate in three years.

Thai growth accelerates in 2015

AFP, BANGKOK: Thailands economic growth accelerated in 2015, official figures showed yesterday, after the junta boosted spending to pump up an economy that has wilted amid years of political turmoil. High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asias flagship economy. The ruling military has tried to spend its way out of the malaise, especially on farmers who have been hit by slumping global commodities prices and now face severe drought. As a result gross domestic product rose 2.8 per cent last year, according to data from the Office of the National Economic and Social Development Board, rebounding from 0.8 per cent in 2014, its slowest rate in three years.