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Kasikorn raises Thailand’s growth forecast to 3.4 per cent

Jul 06. 2017
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By The Nation

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Kasikorn Research Centre has revised upward its growth forecast for the Thai economy in 2017 to 3.4 per cent from the previously forecast 3.3 per cent.

It views that the Thai economy will maintain steady growth into the second half of this year, while the growth in the first half grew faster than expected, driven by exports and private consumption.

On Wednesday The Bank of Thailand (BOT) upgraded its forecast for the country’s economic growth to 3.5 per cent from 3.4 per cent and says it will continue to monitor shorter-term fund flows that have caused the baht to appreciate.

The seven members of the central bank’s Monetary Policy Committee on Wednesday voted unanimously to leave the policy rate untouched at 1.5 per cent, as the economic recovery still has legs.

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