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Bangkok : Industrial Snapshot - Q2 2013

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Bangkok : Industrial Snapshot - Q2 2013

According to the National Economic and Social Development Board (NESDB), the GDP for 2013 has been revised to 4.2-5.2% as the Thai economy is experiencing weaker-than-expected economic growth. This is attributed particularly to the strengthening Thai Baht and the lower-than-anticipated growth of Thai exports due to the negative impact of the European debt crisis and quantitative easing of the U.S.

Even though the Manufacturing Production Index (MPI) is expected to stay at 4.0-5.0%, economic management in the remaining quarters is likely to be effected as NESDB has pointed out that weakening economic momentum and ensuring the stability of the Thai Baht should be considered.

Source : Cushman & Wakefield

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