A grouping of Thailand's top industry bodies on Tuesday raised its 2017 export forecast to 2-3.5% from 1-3% on stronger-than-expected first-quarter and improved global demand. This grouping comprises the Federation of Thai Industries, Thai Bankers Association and the Thai Chamber of Commerce. Thailand runs a trade surplus with the United States, and US. Despite the improvement in exports, the group decided to stick to its economic growth forecast of 3.5%-4% this year, with growth seen picking up in the second half, Mr Predee said. The central bank has forecast Southeast Asia's second-largest economy to grow 3.4%this year and exports will rise 2.2%.

Source: Bangkok Post May 02, 2017 10:41 UTC