IMF indicating economic growth of 4.75% this year for Thailand


BANGKOK, 19 June 2013 The International Monetary Fund (IMF) has estimated that the Thai economy is likely to stay strong for the remaining period of this year. 

According to a Bank of Thailand press release, IMF representatives said during their visit to the Kingdom in May that the Thai economy has so far adapted well to the compromising situations such as the global financial crisis and the 2010 floods.

Their forecast of this year’s GDP growth of 4.75% was made based on their observations on Thailand’s financial discipline, the amount of international reserves and the level of public debts, just to name a few.

These factors, according to the IMF officials, indicated that the country possesses a strong economic foundation. They also warned that, despite investors’ confidence in Thailand, foreign capital movements remain unstable and could potentially harm the economy.