World Bank sees better economic growth in Thailand. | Bangkok Post: business

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World Bank sees better growth in Thai economy

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  • Writer: Bangkok Post and AFP
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The World Bank has lifted its economic growth outlook for Thailand in its latest report, released in Singapore on Monday. 

The bank forecasts the Thai economy will grow 5.3% this year, up from its 5% prediction in December, with a strong performance next year and economic growth of 5%, up from 4.5% earlier projected.

The bank predicts East Asian and Pacific economies will grow 7.8% this year on robust domestic demand, but it warns countries to guard against overheating in credit and asset prices.

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