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Economy surges: growth in all sectors

Growth in the Thai economy has accelerated, reaching 4.8 per cent year-on-year in the first quarter of 2018.

 

The government’s National Economic and Social Development Board, releasing its quarterly economic report on Monday, said this was the highest growth rate in 20 quarters.

The surge was driven by exports (valued at US$61.78 billion, up 9.9%), consumption (3.6%), private investment (3.1%) and public investment (4%).

The NESDB is now forecasting full year growth for 2018 of between 4.2 and 4.7%.

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