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Krungthai confirms NESDC prediction, forecasts 4.1 per cent growth

Feb 18. 2019
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By The Nation

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Following on from the National Economic and Social Development Council’s forecast for economic growth on Monday, Krungthai Bank is predicting growth of 4.1 per cent in 2019.

 

 

 

The bank’s department for global business development and strategy said business risks would come from the trade war between USA and China as well as the upcoming general election, with investors preferring to wait for the new government’s policy with regard to the country’s infrastructure before making any commitments. 

Meanwhile, the department remains confident that the Bank of Thailand will maintain the country’s policy interest rate at 1.75 per cent for the first half of this year, as the economy is signaling only slight growth during this period.

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