IMF sees 3% GDP growth
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THE INTERNATIONAL Monetary Fund pegs Thailand’s GDP growth at 3 per cent this year and 3.2 per cent in 2017 after the economy recovered last year, with gross domestic product expanding by 2.8 per cent.
The latest forecast came after economic adviser Ana Corbacho led an IMF mission from March 3-18 to conduct the 2016 Article IV Consultation. The mission exchanged views on recent economic developments and the country’s outlook with the government, the Bank of Thailand and other public institutions. It also met with private-sector analysts and academics.
According to Corbacho’s statement after the conclusion of the visit, the Thai economy recovered in 2015 after a slowdown induced by political uncertainty.
