Thailand’s Q2 GDP data are released on Monday and the figures should confirm that the hit to the economy from the April-May troubles in Bangkok was not severe. We have always expected that this would be the case. Thailand’s export growth will slow from now on but a slump is unlikely, while domestic demand is set to stay healthy. The upshot is that the Bank of Thailand will probably hike its policy rate by 25bp to 1.75% on Wednesday. The baht should climb further by end-2010 as well and we also remain bullish on Bangkok stocks.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services