BANGKOK, March 29 Thailand's central bank on
Wednesday raised its economic growth forecast for this year to
3.4 percent from 3.2 percent, and upgraded its projection for
The Bank of Thailand (BOT) now expects exports to rise 2.2
percent in 2017. Three months ago, it forecast no growth.
Thai exports, a traditional growth driver, increased
fractionally last year following three years of contraction,
according to commerce ministry data.
The BOT predicts headline inflation at 1.2 percent this
year, rather than 1.5 percent seen three months ago.
Last month, the state planning agency, the National Economic
and Social Development Board, maintained its economic growth
forecast of 3.0-4.0 percent for this year, but raised its export
growth estimate to 2.9 percent from 2.4 percent.
Southeast Asia's second-largest economy grew 3.2 percent in
(Reporting by Kitiphong Thaichareon; Writing by Orathai
Sriring; Editing by Richard Borsuk)