Economics
World Bank Says It May Raise Thai Economic Growth Forecast
- GDP expansion reached a five-year high in the first quarter
- Long-term challenges include education standards and aging
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The World Bank may boost its projection for economic growth in Thailand, where the pace of expansion hit a five-year high last quarter.
A stable outlook and signs that Thai companies are investing again domestically are among the positive factors for the second-largest economy in Southeast Asia, said Ulrich Zachau, the World Bank’s director for Thailand and regional partnerships. The lender’s current estimate is for a 4.1 percent climb in gross domestic product in 2018.