BoT raises full-year forecast | Bangkok Post: business

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BoT raises full-year forecast

Populist measures will bolster consumption

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The Bank of Thailand has unveiled a more positive economic growth forecast for this year, expecting the government's tax rebates on cars, income tax reduction and wage hike to boost consumption and investment in machinery and factories. 

The central bank expects exports will begin to improve in the second half of the year, in line with a more stable world economy.

Advancing public debt resolution has lowered the chances of Greece leaving the euro zone, while US success in avoiding tax increases and spending cuts have brightened the global economic outlook.

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