Bank of Thailand foresees stronger Q3 | Bangkok Post: business

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Bank of Thailand foresees stronger Q3

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Thai economic growth in the third quarter will likely expand at a higher pace than in the second quarter, as a gradual recovery in developed economies, particularly the US, can help to raise exports, says a Bank of Thailand official. 

Mathee Supapongse, the central bank's senior director of macroeconomic and monetary policy, said the central bank also now estimates the country's second-quarter gross domestic product (GDP) will fail to reach the 4% year-on-year target.

Earlier, the Finance Ministry's Fiscal Policy Office also forecast second-quarter GDP growth would fall below 4%, while the National Economic and Social Development Board is scheduled to announce its figure on Aug 19.

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