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Bank of Thailand Revises Its Growth Forecast to 3-4 Percent.
Byline: Parista Yuthamanop
Aug. 1--The Bank of Thailand has raised its official economic growth forecast by half a percentage point, citing improvements in the domestic economy.
The central bank now projects growth for the year ranging from 3 percent to 4 percent, up from a previous estimate of 2.5 percent to 3.5 percent. Its forecast for 2003 growth has been increased to between 3 percent and 4 percent, from 2.5 percent to 4 percent.
Private economists generally expect the economy to post growth of around 4 percent. According to the National Economic and Social Development Board, the economy posted 3.9 percent year-on-year growth in the first ...
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Source: HighBeam Research, Bank of Thailand Revises Its Growth Forecast to 3-4 Percent.