The latest update on Thailand’s Consumer Confidence by The Fiscal Policy Office (FPO) expects to see a consistent expansion this quarter as a result of the short-term economic stimulus measures and a drop in retail fuel prices. Due to the public investment by both government and public sector the FPO believes the GDP in 2015 can grow by 2.8% or even 3% if all economic factors remain positive. While the 2016 we can expect to see 3.8% growth. For next year the driver of economy is likely to be governments’ investments in infrastructure, water management projects, as well as other projects by the private sector. On the export side, Thailand has been suffering from a contraction of export value partly due to the volatility of oil price. Currently FPO does not expect to see the tension between Russia and Turkey on the oil price in the short term.
Source The Nation 27th November 2015
