Thailand’s GDP growth accelerates in Q1
On a quarterly basis, GDP was up by 1.3% in Q1, which doubled the growth rate of 0.5% in the previous quarter. The quarter-on-quarter growth rate also beat the estimates of a rise of 1%.
The government estimates the country’s economy to grow by 3.3-3.8% in 2017, more than its initial projection of 3-4% in February. Economists also think the economy will grow further in the coming quarters on the back of external demand as well as positive fiscal and monetary policies. However, they also estimate that the economic growth will slow in 2018 to 3% due to the revival of domestic political concerns.
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