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BoT reviews forecasts again

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The Bank of Thailand is considering changing its economic and export growth figures and will release them after the next meeting of its Monetary Policy Committee on Oct 17. 

Mathee Supapong, a senior director at the central bank, made the comment following the release on Friday of revised economic data for August, which was marked by a further slowdown in exports.The central bank currently forecasts 7% annual expansion in exports for 2012 and 5.7% growth in gross domestic product.The dollar value of exports in August fell 5.1% from a year earlier, as the prolonged global economic slowdown continued to affect demand for Thai goods.Mr Mathee said imports of raw materials...

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