“Thailand’s GDP growth picked up from 3.2 per cent year on year in Q3 2018 to 3.7 per cent year on year in Q4 2018, but more recent economic data suggest the economy is losing momentum' - ANZ report on Thai GDP hopes
A rubber tapper in southern Thailand’s Surat Thani province. Thailand has agreed to cut natural rubber exports to support prices in H1 2019.ANZ ECONOMISTS’ hopes for Thai economic growth in the first six months have dimmed, mainly on struggles on the export front.
And there are few signs that the situation will improve, with the economists citing not just the impact of a relatively strong baht on low value-added sectors, but also the global electronics slump and an agreement with Indonesia and Malaysia to cut natural rubber output to support prices.
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