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Economic
Research
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3
April 2017
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Thailand
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Economic Update
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Thailand’s broad money (BM)
inched lower to in February from the previous month as net foreign position
slowed while domestic demand for credit improved. Going forward, we maintain
our projection for Thailand’s BM to expand 6.1% in 2017, from +4.2% in 2016,
as:
1. Businesses ramp up operations in order to meet stronger
export demand;
2. Private investment returns, given progress in the
Government’s mega infrastructure masterplan;
3. Domestic demand increases on the back of rising commodity
and farm prices.
Gross international reserves rose to
USD183bn, from USD179.2bn in January, as the Government used the recent
pick-up in exports to strengthen its buffers.
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Monday, April 3, 2017
Domestic Demand For Credit Picks Up In February
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