CENTRE REVISES UP YEAR’S GDP GROWTH TO 4.5%
Siam Commercial Bank’s Economic Intelligence Centre (EIC) has revised up the growth rate of Thailand’s gross domestic products (GDP) this year from 4.3 per cent to 4.5 per cent, thanks to strong performance in the export and tourism sectors.
The centre also believes that the Monetary Policy Committee will increase interest rate before the end of the year if the country’s strong economic growth continues.
The EIC forecasts the country’s GDP growth at four per cent next year as it believes the private sector will increase their investments from 3.2 per cent this year to 4.3 per cent, while the government’s investment in the country’s infrastructure will increase from 6.1 per cent this year to 7.2 per cent.
The EIC forecast the country’s export growth at 4.7 per cent next year.
