Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic stimulus package and higher-than-expected number of inbound tourists.
Visitors at a Thai trade fair in Vietnam. (Photo: VNA)
Bangkok (VNA) – Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic s🌃timulus package and higher-than-expected number of inbound tourists that offset negative imꦿpacts of declined export.
The Office of the National Economic and Social Development Board (NESDB) said in a report on November 16 that the country’s Gross Domestic Product (GDP) in the third quarter of 2015 expanded 2.9 percent against the same period last year.
The figure is higher than the previous forecast of 2.5 percent by US-based Bloomberg.
The Thai economy in the third quarter also rose by 1 percent from the second quarter, instead of the forecast of 0.6 percent.
Its GDP is projected to grow 2.9 percent this year, improving from 2.7 percent forecast in early August.
The NESDB expects the economy of the Southeast Asian nation will expand 3-4 percent with the export value growing by about 3 percent.-VNA
Thailand’s cabinet approved a series of policies to stimulate real estate growth, including reducing transfer and mortgage fees, and cutting taxes on October 13.
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The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
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The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Visitors at a Thai trade fair in Vietnam. (Photo: VNA)
