The University of the Thai Chamber of Commerce (UTCC) forecast the Thai economy will grow by 4.5-5% throughout this year and Krungthai Bank (KTB) has maintained Thailand’s economic growth forecast for this year at 4.5 percent.
BOT Governor Veerathai Santiprabhob said that, according to the National Economic and Social Development Board, the Thai economy in the second quarter of 2018 expanded by 4.6%, bringing overall growth for the first half of the year to 4.8%. The figures align with forecasts issued by the central bank.
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UTCC’s Center for Economic and Business Forecasting (CEBF) Director Thanawat Ponvichai said the Thai economy throughout this year has shown signs of a good recovery, given better public awareness and better distribution of incomes, with the growth in the first half of 2018 accounting for 4.8% due to the better performing export sector which is likely to achieve 8% growth throughout this year.
