Thailand: Picking up speed


​Consolidating the momentum


Growth is set to rise by +3.8% in 2017 and +3.5% in 2018. This is above 2016 rates (+3.2%) and the +3% recorded in 2013-2015. The first half of 2017 has been strong with expansion supported by higher exports and solid growth in domestic demand.
Exports are set to remain firm due to higher demand from the US, China and the Eurozone. Domestic demand growth is also expected to rise. Public expenditures growth will remain strong. This is due to higher public investment in key infrastructure projects.