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Economic Research
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19 Aug 2014
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Thailand
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Economic
Highlights
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Thailand’s real
GDP rebounded to expand by a modest 0.4% y-o-y in the 2Q 2014, a
reversal from a revised 0.5% contraction registered in the 1Q and compared
with +0.6% in 4Q 2013. Despite the rebound, the 2Q GDP figures came in below
our forecast of +0.9% but above the consensus’ median estimate, which
expected GDP to remain unchanged. As the 1H number did not stray far from our
estimates, we maintain our real GDP forecast of 1.2% in 2014, a
slowdown from +2.9% in 2013.
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Tuesday, August 19, 2014
RHB | Thailand | Modest Rebound in 2Q 2014 GDP Growth
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