Well according to the latest GDP information it appears that GDP expanded 1% in the past 3 months compared to the previous quarter, won’t be surprised to see several economists begin to annualise this number and say that Thailand will hit 5% GDP Growth next year….
Anyways, here’s a few snippets from a Bberg article and a link to the source.
“There are reasons to think the economy’s recovery has further to run over the coming quarters,” Krystal Tan, Singapore-based Asia economist at Capital Economics Ltd., said in a note. While the recovery is unlikely to be as strong as some analysts expect, the country’s budget that began at the start of October includes a 20 percent year-on-year increase in public investment, while an improvement in global conditions should support exports, she said.
“Fiscal policy is the most effective tool at the moment,” said Tim Leelahaphan, a Bangkok-based economist at Maybank Kim Eng Securities Thailand Pcl. “We have to see very, very weak data points in order to justify another cut, but we are not going to see that because in the final quarter it will be much better than the third quarter” as some stimulus policies are implemented.