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State investment 'will boost economy'

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The government’s planned two trillion baht investment in infrastructure development megaprojects would boost economic growth by another 1% annually over the next 7-8 years, Fiscal Policy Office director-general Somchai Sajjapongse said on Friday. 

Speaking at a forum on “Investment Strategy for Thailand’s Future”, Mr Somchai said that in some years the investments in these projects could create additional economic growth of 1.3 per cent to 1.5 per cent per year.

Such a huge investment could also have some negative impacts. For example, inflation is likely to increase by an extra 0.16 per cent a year, but this was still low and it would not affect economic stability.

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