My One Academy: FW: RHB | Thailand

Monday, May 21, 2018

FW: RHB | Thailand | GDP At 5-Year High

Economic Research

21 May 2018

Thailand

Economic Update

u Thailand’s GDP picked up to its quickest pace in five years, on the back of stronger domestic demand and resilient exports.

u On the supply side, growth was driven by stronger manufacturing activity, while agricultural and construction output bounced back to register growth during the quarter.

u We maintain our 2018 GDP growth forecast of 4.2% in 2018, from +3.9% in 2017 (2016: +3.3%), on the back of resilient private consumption and an expected recovery in private investment, lifted by the EEC bill..

Economists:

Peck Boon Soon | +603 9280 2163

Aris Nazman Maslan | +603 9280 2184

To access our recent reports please click on the links below:

16 May : BoT Maintains Rate On Tepid Private Spending
03 May : Money Supply Strongest Since 2015

02 May : CPI Picks Up In April

02 May : Industrial Activity Remained Solid in 1Q18

24 April : Exports Continue To Slow In March

Economic Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com