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Subject
Economic outlook.
Significance
The military government on December 1 approved action plans for infrastructure development worth 1.79 trillion baht (nearly 50 billion dollars) over the next five years. Boosting public spending is one of the junta's primary tools to boost GDP growth to 3.8% in 2016.
Impacts
Absent a major terrorist attack, tourism should recover modestly as the impact of the August Bangkok bombings declines.
Private investment and demand are unlikely to recover significantly: Thai industry has surplus capacity and households are deeply indebted.
Royal transition is the primary determinant of the junta's timetable for fresh elections.
Keywords:
Thailand,
AP,
Japan,
United States,
Western Europe,
economy,
growth,
policy,
industry,
airlines,
food,
foreign trade
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2015
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