BOT revises economic projection

The Bank of Thailand has adjusted the lowest economic growth rate for 2007 from 4 per cent to 4.3 per cent, due mainly to the better-than-expected exports growth.

Suchada Kirakul, assistant governor, said on Friday that exports are the key growth engine this year.

The economic projection is adjusted from 4-5 per cent to 4.3-4.8 per cent. The 2008 rate remains unchanged at 4.5-6 per cent.

Despite the continued hikes in oil prices, core inflation is revised down to 0.8-1.3 per cent from 0.8-1.5 per cent. Headline inflation was revised to 1.8-2.3 per cent from 1.5-2.5 per cent.

- The Nation

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BOT revises economic projection

The Bank of Thailand has adjusted the lowest economic growth rate for 2007 from 4 per cent to 4.3 per cent, due mainly to the better-than-expected exports growth.

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