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Financial News: Thailand's GDP Growth Accelerates In Q2

Thailand's GDP Growth Accelerates In Q2

08/21/2017 - 01:02:00 (RTTNews)

(RTTNews) - The Thai economy expanded at a faster pace in the second quarter, the National Economic and Social Development Board said Monday.

Gross domestic product expanded 3.7 percent on a yearly basis, following the 3.3 percent growth in the previous quarter.

The economy grew 1.3 percent from the first quarter, when it climbed by a similar rate.

In the first half of 2017, the economy expanded 3.5 percent.

The government forecast the economy to grow 3.5-4 percent mainly driven by the recovery of exports and investment.

The headline inflation will be in the range of 0.4 - 0.9 percent and the current account will record a surplus of 9.7 percent to GDP, the board said.

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