The economy recovered from its dismal 0.8% 2014 growth, as services expanded and the contraction in goods exports slowed. Growth should accelerate this year, if substantial public infrastructure investments proceed on schedule and the political climate remains calm. National elections have been proposed for the second half of 2017.
Risks include a worsening drought—which would hit incomes, private consumption, and exports—while delays in government projects would reduce public investment and damage consumer and business confidence.
|Composite Stock Price Index 1||1.0 (Jan17)||1.0||1.0|
|Broad Money Growth 2||4.2 (Dec16)||4.2||4.4|
|Headline Inflation Rate 3||1.1 (Dec16)||0.6||-0.9|
|Industrial/ Manufacturing Production Growth Rate 3||0.5 (Dec16)||3.9||1.4|
|Merchandise Export Growth 3||6.2 (Dec16)||6.2||10.2|
|Exchange Rate Index 4||89.7 (Jan17)||89.7||90.5|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database; Bank of Thailand; Customs Department.|