GDP growth may fall below 2.3%
Play
Kobsidthi Silpachai, head for market and economic research at Kasikornbank, warned that Thailand's economic growth rate this year may fall below the bank's forecast of 2.3 per cent due to poor export figures.
The bank is waiting for the official economic data for the second quarter, to be released on August 17, he said yesterday.
The bank has forecast 1.7 per cent contraction in export value for the whole year. For now, it expected the 1.4 per cent growth rate in the fourth quarter, which would be the best quarter for Thai exports.
The bank has recently adjusted its forecast for the average dollar/baht exchange rate from $/34.50 to $/35.25.
