Economy / Thailand
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Macroeconomic Forecast Thailand
December 2005 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Economic growth in Thailand has begun to show signs of a recovery. In Q305, real GDP expanded by 5.3% y-o-y (2.2% on a seasonally-adjusted, q-o-q basis). This trend was supported by 4.4% y-o-y growth in agricultural output, arresting a decline which had continued in each of the six previous quarters. The 5.4% non-agricultural GDP growth was largely a result of a 6.2% surge in manufacturing production. We have revised our 2005 GDP growth forecast to 4.8%, from 4.4%, in light of Q305