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Bangkok : Retail Snapshot - Q2 2013

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Bangkok : Retail 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. With a GDP of 5.3% in the first quarter of 2013, the Thai economy continued its expansion at a slower pace as compared to the fourth quarter of 2012. This is particularly attributed to the weak effect of economic stimulation by the government, the slow global economic recovery, and the strengthening Thai Baht which has reached its 16-year highest value against US Dollar in April, and the lower-than-anticipated growth of Thai exports by the Ministry of Commerce due to the negative impact of European debt crisis and quantitative easing of the U.S.

Source : Cushman & Wakefield

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