Thai Central Bank Again Revises Growth Forecast Upward
Thailand’s central bank revised upwards its forecast for economic growth this year due to the momentum in private demand to 4.9 percent in its latest Monetary Policy Report from a previous forecast of 4.6 percent in its October inflation report. The Bank of Thailand (BOT) also revised upwards its forecast for [...]
Thailand’s central bank revised upwards its forecast for economic growth this year due to the momentum in private demand to 4.9 percent in its latest Monetary Policy Report from a previous forecast of 4.6 percent in its October inflation report.
The Bank of Thailand (BOT) also revised upwards its forecast for 2012 to growth of Gross Domestic Product of 5.9 percent from a previous forecast of 5.7 percent. For 2014 the BOT forecasts GDP growth of 4.8 percent.