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Thai Central Bank Revises GDP Forecast Up.
Byline: Parista Yuthamanop
May 1--The Bank of Thailand yesterday raised its economic growth projection this year to between 2.5 percent and 3.5 percent, citing the stronger-than-expected economic rebounds posted by the country's major trading partners.
The central bank had previously forecast growth this year at 2 percent to 3 percent. The Finance Ministry last month raised its own growth forecast for 2002 to 3.6 percent from 3.4 percent earlier. Economic growth in 2001 was 1.8 percent.
Bandid Nijathaworn, an assistant central bank governor, said the strong economic recovery of trade partners, led by the United States, was the main factor ...
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