‘THAI ECON­OMY TO GROW 3% AS FORE­CAST’

The Sun (Malaysia) - - SUNBIZ -

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

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