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Bangkok Post
Bangkok Post
Business

FPO describes country's economy as being 'in good shape'

The Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country's GDP, according to the Fiscal Policy Office (FPO).

The government's fiscal and monetary status remains strong, with US$202 billion in foreign reserves as of October, the FPO said.

Pornchai Thiraveja, director-general of the FPO, said private consumption and investment in October remained firm from a month earlier.

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