Thailand sees more than 4% growth this year on property measures, ministry says

BANGKOK (Reuters): Thailand's economy is expected to grow slightly more than 4% this year, driven by measures to boost the property sector approved on Tuesday, the finance ministry said, as the government attempts to revive economic activity.

The measures are expected to lead to about 800 billion baht (US$22 billion) in property trades, more than 400 billion baht in investment and 120 billion baht in consumption, Pornchai Thiraveja, head of the ministry's fiscal policy office, told a briefing.