Thailand lifts growth rate further in Q3

November 22, 2017

BANGKOK – Thailand’s GDP growth has beaten market expectations at 4.3% y/y in Q3, despite falling short of ANZ Bank’s own forecasts. As expected, exports and public spending continued to provide support, the bank says. However, investment activity remained mild.

“Looking ahead, the focus would shift to domestic demand to maintain the growth trajectory, assuming that export growth would moderate in 2018,” ANZ says.

“Despite the strong GDP print, we see little price pressure to nudge the central bank to change its supportive stance. Thus, we still expect the Bank of Thailand to keep its policy rate steady through 2018.” (ATI).