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Thai economy seen growing as forecast this year: central bank chief

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Thailand's economy is still expected to grow 3.2 per cent this year, as forecast, the central bank governor said on Monday, in spite of slower than expected growth the previous quarter.

[BANGKOK] Thailand's economy is still expected to grow 3.2 per cent this year, as forecast, the central bank governor said on Monday, 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 US dollar on Monday, having appreciated by 1.25 per cent 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.

The economy grew 2.8 per cent last year.

REUTERS

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