BANGKOK : Thailand's economic recovery is intact, with growth of 2.9 per cent likely in the first half of this year and 4.2 per cent in the second half, the central bank chief said on Wednesday.The central bank would continue to gradually normalise interest rates to help the economy grow at its potential
BANGKOK : Thailand's economic recovery is intact, with growth of 2.9 per cent likely in the first half of this year and 4.2 per cent in the second half, the central bank chief said on Wednesday.
Thailand was expected to receive 29 million foreign tourists this year, he added, but exports, a key driver of growth, would be flat for the year, despite growing in the second half. Thailand's annual headline inflation rate dropped to its slowest pace in 22 months of 0.23 per cent, well below the central bank's target range of 1 per cent to 3 per cent. The core rate stood at 1.32 per cent in June.
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