Net exports continued to pull down growth while domestic demand remained strong supported by robust private consumption. Accommodative policies will underpin domestic demand, offsetting tighter global financial conditions. The acceleration in 2017 reflects expected recovery in Asian trade, resilient domestic demand, and continued policy support. Global growth could get a boost from economic stimulus in some large economies, particularly the United States. Within Thailand, weaker crowding-in of private investment would reduce domestic demand and potential growth.

Source: Bangkok Post May 09, 2017 21:45 UTC