TITLE

Thai Economy Booming

PUB. DATE
November 2003
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Nov2003, Vol. 14 Issue 11, p1
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The recent strong performance of the Thai economy has promoted BMI to increase its growth forecasts for the year to 5.5% from 4.8% as of November 1, 2003. The increase was based on the economy's impressive performance in the first half of the year, and positive outlook for exports and consumption. Growth of 5.5% for 2003 would make Thailand the third-fastest growing economy in the region behind China and Vietnam. Strong growth in exports, especially to China; steady domestic demand driven by low interest rates and rises in the share prices; and booming farm income were the main factors behind the impressive performance.
ACCESSION #
11186831

 

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