Thailand reported economic growth of 2.8% in 2015, compared with 0.8% the previous year, but its recovery remains fragile as exports and domestic consumption are weak and political uncertainties linger.
Fourth-quarter and full-year data released on Monday about South-East Asia's second-largest economy was a mix of good and bad news. And the state planning agency cut its forecast for 2016 growth to 2.8%-3.8% from the 3%-4% range it saw in November.
With the traditional growth pillars of exports and consumption still shaky long after the military seized power in May 2014, government investment - up 41% on the year in the fourth quarter - has helped lift the economy.
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Fourth-quarter and full-year data released on Monday about South-East Asia's second-largest economy was a mix of good and bad news. And the state planning agency cut its forecast for 2016 growth to 2.8%-3.8% from the 3%-4% range it saw in November.
With the traditional growth pillars of exports and consumption still shaky long after the military seized power in May 2014, government investment - up 41% on the year in the fourth quarter - has helped lift the economy.
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