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Thailand's Q2 growth rides on strong exports to beat forecast

Fastest growth in more than four years prompts government to raise forecasts

Published Mon, Aug 21, 2017 · 09:50 PM

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    Bangkok

    THAILAND'S economy capped a solid performance for South-east Asia in the second quarter, growing at its fastest clip in over four years thanks to strong exports - a common denominator for many countries still struggling to boost private consumption despite ultra-low interest rates.

    Robust tourism and farm output also helped Thailand's growth beat market expectations in the April-June quarter, prompting the government to raise its economic forecasts in a sign the recovery is gaining momentum.

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