Standard Chartered Bank predicts 4 percent growth rate for the whole year

0
969

Standard Chartered Bank (Thailand) has predicted Thailand’s overall economy will grow by 4 percent as a result of government’s escalated investments in mega-infrastructure projects which will encourage the private sector to increase their investments.

T26-06-16-2

Ms Ussara Wilaipit, a senior economist at Standard Chartered Bank (Thailand), said that Thailand’s growth rate for the first half of the year was predicted at 3.6 percent but, in the later half of the year, the growth rate would register 4.4 percent, making the overall growth rate for the whole year to register at 4 percent.

She attributed the anticipated growth rate increase to the government’s efforts to speed up implementation of seven infrastructure projects this year which, she said, will convince the private sector to increase their investments in the later half of the year.

As for the inflation rate, Ms Ussara said inflation rate for the second half of the year would surpass one percent but the policy rate is likely to remain at 1.5 percent until the end of the year.