Thailand's gross domestic product (GDP) should expand by 2.8 per cent in 2015 and even more than that by 2016 due to the government's economic stimulus measures, Finance Minister Apisak Tantivorawong said yesterday.

"The measures that have been introduced, such as those to help low-income earners, support SMEs and stimulate the real estate sector, which will inject around Bt136 billion worth of capital into the system, should allow the economy to expand by more than the 2.8 per cent predicted for this year," he said after chairing the 4th Economic Stimulus and National Investment Steering Committee meeting. "Nevertheless, external factors will have to be incorporated into the economic expansion along with the economic stimulus measures that will be more apparent by January next year, he added.  The current sum of the various stimulus budget measures introduced since August, when the Council of Economic Ministers was appointed, stands at around Bt355 billion.

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