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Economy may grow 4% on tourism

Economy will improve despite impact from energy prices

Tourists visit areas near Sanam Luang and the Grand Palace, Bangkok, on Tuesday. (Photo: Nutthawat Wicheanbut)

Thailand’s economy could grow as much as 4% this year, which would be the fastest rate in five years, bolstered by a rebound in the tourism sector and increased domestic consumption, Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said on Wednesday.

Anticipated new investment will also help, Mr Supattanapong, who is in charge of economic affairs, told a seminar.

“The economy will definitely be better than last year… despite some impact from energy prices,” he said.

“Today the economic situation is in recovery and…

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