Thai growth prospects receive major upgrade
The government planning agency expects Thailand's economic growth to hit 2.0-2.5% this year, an upward revision from its previous estimate of 1.5% to 2.5%.
The government planning agency of Thailand has upgraded its economic growth prospects, now forecasting a growth rate of 2.0-2.5% for the year, an increase from the previous estimate of 1.5-2.5%. The revised figures indicate a growth potential of 2.1% for the current quarter, up from the earlier range of 1.5-2.5%. The projected growth rate for the next quarter stands at 0.2-5.1%, reflecting a more optimistic outlook.
The agency also anticipates a modest growth of 1.51% for the year, slightly higher than the previous range of 0.51-1.9%.
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