FW: RHB | Thailand | Major Obstacles Cleared: All Abroad For Industry 4.0

 

 

Economic Research		15 December 2017
Thailand
Economic Outlook
Major Obstacles Cleared: All Abroad For Industry 4.0   We are above consensus in our forecast for Thailand’s GDP to grow 4.1% in 1Q18 and 4.2% for the full year. Infrastructure investment will be the key driver of growth once again, with private investments gaining traction and public investment set to rebound. Meanwhile, private consumption is on track to move higher, supported by growing tourist arrivals, rising asset prices, as well as increased government assistance or the rural side. The uptick in domestic demand should be more than sufficient to offset slowing but resilient exports.   Economist: Arup Raha  | +65 6232 3896 Ng Kee Chou | +603 9280 2179
To access our recent reports please click on the links below: 28 September 2017: Kicking Into Higher Gear 28 June 2017: If You Upgrade It, They Will Come Faster 5 April 2017: External Upswing Helps Smoothen Domestic Transition 15 December 2016: Set For Stronger Growth As Infra Cycle Ramps Up 19 September 2016: The Return Of Private Investment To Deliver Stronger GDP Growth
Economic Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com	+65 6232 3896
Peck Boon Soon	Chief ASEAN Economics	bspeck@rhbgroup.com	+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam	vincent.loo@rhbgroup.com	+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com	+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com	+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com	+603 9280 2184

 

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