Thai economy improving?

I have to say, I am a bit surprised with all the political turmoil, the Thai economy is still going well:

Bangkok Post “Kasikornbank president Prasarn Trairattanaworarkul said his bank had now revised this year’s exports growth to around 14-15 per cent from the 10-12 per cent forecast earlier.

The better-than-expected export growth will help push the national economy to grow to between 4-4.5 per cent from the 3.5-4.5 per cent projected earlier although private investment remains sluggish, he said.

Local interest rates also dropped sharply during the first half of this year as policy interest rate of the Bank of Thailand fell to 3.5 per cent now from 5 per cent, said Mr. Prasarn.”

Leave a Reply

Your email address will not be published. Required fields are marked *