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Growth next year forecast at over 3.6%

Thailand's economy is now recovering with forecast that it will grow at least 3.6%.

According to Thanawat Polwichai, the director of the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, the national economy will begin to show clear signs of recovery towards the end of the 2nd quarter of 2017.

This will allow the national economy to grow by at least 3.6%.

However he cautioned that this is still dependent upon the recovery of the global economy.

He raised concern of domestic household debt which he said is still relatively high which could detrimentally affect consumer spending power and could force financial institutions to become even more cautious with regards to loans.

Source: Thai Public Broadcasting Service (Thai PBS)

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