BANGKOK: Thailand's economy is expected to have expanded in the first quarter by more than the 2.3 percent recorded in the fourth quarter of 2014 compared with a year earlier, Deputy Prime Minister Pridiyathorn Devakula said on Wednesday.
"The Thai economy has bottomed out," Pridiyathorn told reporters. "GDP growth in the first quarter should come above that in the fourth quarter."
Exports have been weak and are expected to register flat or 1.0 percent growth for the year but a recovery in spending by the private sector should lend support, he said.
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