Thailand
Thai economic growth forecast projections up to 6% – World Bank

The World Bank is looking to boost projections for growth in the Thai economy.
In the last financial quarter, expansion of the Thai economy hit a five-year high.
Ulrich Zachau, the World Bank’s director for Thailand and regional partnerships, says that a stable outlook and signs that Thai business is investing again domestically are among the positive factors for the second-largest economy in Southeast Asia.
The World Bank is currently estimating a 4.1% climb in GDP for the ret of this year.
Quoted in the Bangkok Post, Sachau said. “We may update our projections again – we may raise them – depending on further developments and further outcomes.”
“Does Thailand have the potential to grow significantly above 4 %? We believe yes. It will depend on structural reforms.”
The local spokesperson for the World Bank is pointing to education standards, public-sector management efficiencies and tackling the challenge of an ageing population as issues that need addressing to help raise the pace of expansion to 5% or even 6%.
In a recent Bloomberg survey, it showed that GDP rose 4.8% in January through March from a year earlier, exceeding all estimates. In the report Bloomberg claimed that the growth was powered in part by tourism, exports and rebounding farm output.
Some economists expect the Bank of Thailand to start increasing interest rates later this year following the acceleration in both growth and inflation.
SOURCE: Bangkok Post, World Bank, Bloomberg.
Get more from The Thaiger
Join the conversation and have your say on Thailand news published on The Thaiger.
Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.
Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.
- Environment3 days ago
Dengue hasn’t gone away – Dengue fever in Thailand 2022, and how to avoid it
- Events3 days ago
Visakha Bucha Day 2022. Today is the substitute public holiday.
- Best of3 days ago
Siam Paragon wins the Best Luxury Shopping Mall 2022 Award
- Cambodia2 days ago
Stop plucking the endangered ‘penis plant’, urges Cambodian government
- Education1 day ago
Why you should study Thai to explore Thailand
- Business1 day ago
Mixed fortunes for Thai Airways but nation’s flag carrier confident of financial take off
- Pattaya2 days ago
Thai woman complains after Pattaya laundry service overcharges for foreign BF – VIDEO
- Events2 days ago
“Eat Out with Marriott Bonvoy”: enjoy food discounts all the way
You must be logged in to post a comment Login