FPO sees rally in last quarter
State stimulus measures bear fruit
Thailand’s economy is expected to benefit from the government’s consumption stimulus measures and a recovery in exports this quarter, says the Fiscal Policy Office (FPO).
Economic conditions are projected to continue improving in the final quarter from the third quarter, partly because of measures to rev up consumer spending such as the co-payment scheme, the We Travel Together campaign and the tax rebate for spending on goods and services, said FPO adviser Wuttipong Jittungsakul.
A gradual economic recovery is taking shape this quarter, but further assessment is needed on how certain sectors will contribute to the fourth-quarter economic recovery, said Mr Wuttipong.
Thailand’s GDP contracted by 6.4% year-on-year in the third quarter following a…
