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Thai growth second quarter exceeds new:
Thai growth second quarter exceeds:
The Thai economy recorded stronger growth than expected in. In addition, the second quarter. Therefore, carried by the vigor of exports before the total entry into force of American customs duties. However, the dynamics should slow down the rest of the year, the National Planning Agency announced on Monday.
Second economy of Southeast Asia, Thailand increased by 2.8 % over a year between April. June. according to the National Council for Economic. Social Development (NESDC), surpassing the forecasting of the Reuters survey which was tapped over 2.5 %. However, this figure remains below the annual increase of 3.2 % recorded in the first quarter.
In the first half, annual growth amounts to 3 %. The Council thus noted its growth forecast for the whole year to a range between 1.8 % and 2.3, against a thai growth second quarter exceeds new previous thai growth second quarter exceeds new estimate of 1.3 % to 2.3 %.
“Exports. manufacturing thai growth second quarter exceeds production have improved. with better visibility on reciprocal customs duties. so that the Thai economy should grow more than our May projections,” said Danucha Pichayanan, President of the Council.
The American customs law on Thai imports has been set at 19 %. online with those applied to other countries in the region.
“Growth should remain solid about the rest of the year. but will be lower than that of the first two quarters,” added Danucha. Last year, the annual growth of 2.5 % of Thailand was lower than that of other countries in the region.
The Council noted its export growth forecast for 2025 to 5.5 % against 1.8 %, after an increase of 15 % in one year in the first half, stimulated by sender seeking to anticipate thai growth second quarter exceeds new American customs duties. However, exports should slow thai growth second quarter exceeds new down to the second half.
The United States constituted the first export market in thai growth second quarter exceeds Thailand last year, representing 18.3 % of the total expeditions, a value of $ 55 billion. However, uncertainties persist concerning customs duties on transhipments via Thailand from third countries.
Kobsidthi Silpachai, head of capital market research at Kasikornbank, forecasts a final growth rate of only 1.5 % in 2025.
“Growth should clearly slow down after the temporary recovery effect linked to the anticipation of exports. ” he said. adding that the decline in the number of tourists and the debt of households will also weigh on the economy.
On Monday, the NESDC also revised downwards by 10 % its forecast for arrivals of foreign tourists this year, at 33 million.
On Friday, Parliament adopted the government budget draft thai growth second quarter exceeds new of 3.78 Baht trillions (116.6 billion dollars) for the year 2026 beginners on thai growth second quarter exceeds new October 1. a measure which should support economic activity.
The central bank also lowered its main key rate last thai growth second quarter exceeds week a quarter of. a point. bringing it to 1.50 %, its lowest level in almost three years, and other softening measures are expected by the end of the year.
(1 $ = 32.42 baht)
Thai growth second quarter exceeds new
Thai growth second quarter exceeds new
Thai growth second quarter exceeds
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