The National Economic and Social
Development Board has confirmed the substantial quarterly growth occurred
because of the expansion of both domestic and external demands.
Household consumption and investment
rose by 12.2% and 23.5% respectively while government consumption increased by
12.1%.
For the entire year, the economy
registered a 6.4% growth, compared with a 0.1% growth in 2011.
2011 was when the country was hard-hit
by flooding; the worst in more than 50 years.
The GDP forecast sees Thai growth
sitting between 4.5 and 5.5% this year.
(thailandnews.net)