Macroeconomic Forecast Thailand

BMI View: We maintain our view that the economy will undergo a significant deceleration, as weak consumer spending and private investment continue to weigh on growth. On the positive side, exports have been holding up surprisingly well, and continues to support growth despite a strong currency.If a constitution is ratified and general elections are held in December, we should witness renewed investor interest in the Thai economy, and the growth rate should pick up in 2008, to 4.8%.

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