‘THAI ECONOMY TO GROW 3% AS FORECAST’

BANGKOK: Thailand’s economy is still expected to grow 3.2% this year, as forecast, the central bank governor said yesterday, in spite of slower than expected growth the previous quarter. The baht is more stable than other regional currencies, Veerathai Santiprabhob told reporters. The Thai currency traded at 33.55/56 per dollar yesterday, having appreciated by 1.25% so far this year. The army seized power in May 2014 after months of political unrest, but the export-dependent economy has struggled to get on a strong growth path due to tepid global demand, sluggish consumption and high household debt. – Reuters