RHB | Thailand | Modest Rebound in 2Q 2014 GDP Growth

Economic Research	19 Aug 2014
Thailand
Economic Highlights
Modest Rebound in 2Q 2014 GDP Growth 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. Economist:  Peck Boon Soon  | +603 9280 2163