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Thailand’s Strong First Quarter GDP growth

May, 15 2017
watermark Economic news

The export data of Thailand for first quarter moved at its most rapid  “quarterly pace” in the past four years and eases the monetary policy to support low key investment activities. Although it faces uncertainties with capital outflow and global trading protectionism, the U.S. Fed is taking signifying that it is gaining momentum to recovery.

The agency reduced its monetary projection from 3.0 - 4.0 percentage to 3.3 - 3.8 percentage economic advancement forecasts while its export progress has been elevated to 3.6 percent from 2.9 percent. The rise in exports is mainly due to steep costs of commodities more than the volume of trades.

The central bank retained its key percentage interest rate at 1.50 percent since April 2015 and the upcoming policy review is scheduled on May 24 and expected also kept unchanged. Yet, there is a possibility for the Thai central bank to increase its rates by 25 basis points later in the year because of both sturdy growth statistics and probable augmented U.S. rates.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.