Thailand’s Economic Growth Slows Even as It Beats Estimate

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Bloomberg News

Tamara Henderson,Private Consumption,NESDC

(Bloomberg) -- Thailand’s economy grew better-than-expected in the first quarter, fueled by tourism and private consumption, easing urgency on the central...

-- Thailand’s economy grew better-than-expected in the first quarter, fueled by tourism and private consumption, easing urgency on the central bank to respond to the government’s calls for lower borrowing costs. The baht rose.Gantz Says He’ll Quit Unless Netanyahu Moves to New War Plan

Access to lending and liquidity were the top priority instead of the level of interest rates, Pichai had said — a view that NESDC chief Danucha Pichayanan echoed on Monday. The state planning agency estimated that Prime Minister Srettha Thavisin’s roll-out of the 500-billion-baht cash handout may add about 25 basis points to economic expansion this year with more than 40% of the freebies distributed in the fourth quarter and the rest in 2025, NESDC’s Danucha said.

Headline inflation finally quickened in April, showing the first gain in the past seven months. The NESDC expects consumer price gains to average 0.1% to 1.1% this year.

 

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