3.6% growth forecast for this year

[rooster59]

3.6% growth forecast for this year

 

Economic growth this year is now almost certain to stay around 3.6% after exports growth remain strong, according to the Ministry of Finance.

 

Director of the ministry’s Fiscal Policy Office, Krisada Chinavicharana, said on Thursday (July 27) that Thai economy in 2017 will be able to achieve 3.6% growth.

 

The figure is an improvement over 2016 which also saw a 3.2% improvement over 2015.

 

He attributed the growth in exports to the improving global economy which is predicted to grow by 3.56%.

 

Full story: http://englishnews.thaipbs.or.th/3-6-growth-forecast-year/

 

 

-- © Copyright Thai PBS 2017-07-29

[Srikcir]

19 hours ago, rooster59 said:

Economic growth this year is now almost certain to stay around 3.6% after exports growth remain strong

The unstated counter to Thailand's export growth is its import growth.

 

In May 2017 the export figure was the highest in a period of 52 months. BUT imports on the other hand also grew by 18.2% amounting to US$19 billion for a net positive trade balance of $944 million. Working against the baht is a continuing upward trend which could raise costs and erode the competitiveness of exporters during the rest of the year. 

 

Case in point: Thai exports to China in the first 5 months of 2017 grew 31% compared to the same period a year before totaling $11.6 billion. BUT Thai imports from China in the same period increased 4% to $17 billion for a net negative trade balance of $5.4 billion. https://www.thaivisa.com/forum/topic/992868-thai-exports-to-china-grow-31-in-first-5-months-of-2017/?utm_source=newsletter-20170717-1640&utm_medium=email&utm_campaign=news
 

[pogal]

20 hours ago, Srikcir said:

The unstated counter to Thailand's export growth is its import growth.

 

In May 2017 the export figure was the highest in a period of 52 months. BUT imports on the other hand also grew by 18.2% amounting to US$19 billion for a net positive trade balance of $944 million. Working against the baht is a continuing upward trend which could raise costs and erode the competitiveness of exporters during the rest of the year. 

 

Case in point: Thai exports to China in the first 5 months of 2017 grew 31% compared to the same period a year before totaling $11.6 billion. BUT Thai imports from China in the same period increased 4% to $17 billion for a net negative trade balance of $5.4 billion. https://www.thaivisa.com/forum/topic/992868-thai-exports-to-china-grow-31-in-first-5-months-of-2017/?utm_source=newsletter-20170717-1640&utm_medium=email&utm_campaign=news
 

Thats what I was going to say! .... :)