Thailand: Auspicious prospects for GDP and THB – UOB – by pabspiovano Thailand GDP Banks
“Following stronger than expected 3Q22 GDP growth of 4.5% y/y, there are reasons to be optimistic in the few quarters to follow amidst consistently higher tourist arrivals that spur domestic consumption and spending.”
“We expect a better and stronger recovery of the Thai economy in 4Q 22 . Coupled with less aggressive BOT tightening of monetary policy compared to the other regional central banks to continue lending support towards growth recovery, we believe that the Thai economy is likely to be on the sweet spot of experiencing strong growth recovery and appreciating THB without slowing the pace of growth materially. Our 2022 GDP growthremains at 3.2% and we forecast for it to accelerate to 3.
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