The University of the Thai Chamber of Commerce has revised up its economic forecast for 2010 from 5-6 per cent to 6.9 per cent thanks to a significant growth in exports, domestic consumption and tourism recovery.
It expected higher employment and more loan demand in the final quarter of this year and next year.
Thailand's export value in July grew 20.6 per cent to US$15.5 billion, while import surged 36.1 per cent to US$16.5 billion.
Exports in the first seven months jumped 34.1 per cent to $108.63 billion while imports rose 49 per cent to $103.19 billion. Trade surplus totalled $5.43 billion in the first seven months of this year.
Commerce Minister Porntiva Nakasai affirmed that this year's export should grow by 20 per cent to $183 billion. However, the baht appreciation is a biggest concern.