BANGKOK, 23 February 2017 (NNT) – The Deputy Prime Minister for Economic Affairs has expressed satisfaction with Thailand’s economic figures in 2016, expressing belief exports this year will grow 3-4 percent.

Deputy Prime Minister Somkid Jatusripitak, in a speech titled “Push Forward: Looking to Economy 4.0 in 2017”, made known the Thai economy grew 3.2 percent last year even though its export segment was depressed by global factors. He cited the fact as an indication the government’s support measures are paying off.

The DPM continued that for sustained economic stability, exports have to improve as they comprise 60-70 percent of the GDP. He called for major trade partners like the US, Europe and China to be maintained and for more work to be done to trade with the CLMV region. He believes exports can grow 3-4 percent this year if Thailand can improve its border trade.

He affirmed the government would manage its expenditures and continue to invest in major projects to inject money into the economy but noted it would encourage large companies to assist small technology and innovation firms to spur new business.