Thai economy recovering

BANGKOK, December 3 (TNA) - The Thai economy has continued recovering, expected to grow by 3 per cent this year and by 4 per cent next year. Thanawat Phonvichai, Director of Bangkok-based University of the Thai Chamber of Commerce’s Economic and Business Forecasting Centre, projected on Thursday that the Thai economy should grow by 3 per cent on average in 2015. Thanawat pointed out that Thailand's economic growth this year is boosted by the government’s investment on public projects. Thanawat foresaw that the Thai economy should keep expanding in line with the recovering world economy. According to the senior Thai economist, it is hoped that the Thai economy should grow by, at least, 4 per cent in 2016. (TNA)