Thai Economy Booming

November 2003
Asia Monitor: South East Asia Monitor Volume 1;Nov2003, Vol. 14 Issue 11, p1
Country Report
Country Report
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.


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