Continued growth forecast for Thai economy
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TRIS Rating forecasts that the Thai economy in 2018 will grow by around 4 per cent, supported by an ongoing expansion in exports, a strong tourism sector, a gradual recovery in household consumption, and increases in public and private-sector investments.
However, TRIS Rating is still concerned about risks in the global economy, such as the uncertain policies in the United States, the volatilities of commodity prices, and global financial instability that may affect interest and exchange rates.
The high level of household debt and the uncertainties of Thai politics are still risks that could affect household expenditures and investor confidence, TRIS said.
