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Bangkok : Office Snapshot - Q2 2013

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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. In the second quarter of 2013, it saw a drop of 2.2%, compared to the previous quarter. This is attributed particularly to the strengthening Thai Baht, which has reached its 16-year highest value against the US Dollar in April, and the lower-than-anticipated growth of Thai exports by the Ministry of Commerce due to the negative impact of the European debt crisis and quantitative easing of the U.S.

Source : Cushman & Wakefield

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Keywords : Cushman & Wakefield