StanChart tips 3.6% growth for economy on positive factors

THE THAI economy is forecast to grow 3.6 per cent this year and 4.3 per cent next year, driven by Thai export expansion following rising global trade, an announced election schedule and mega infrastructure investment and external factors, according to Standard Chartered Bank (Thai).

Tim Leelahaphan, economist at Standard Chartered Bank (Thai), said that these local factors, particularly continued mega infrastructure investment, could support the local economy for the rest of this year and next.

Of the total investment of Bt1.79 trillion in mega infrastructure projects, about Bt200 billion will likely be disbursed next year following a combined disbursement of Bt50 billion or less than 5 per cent in the past two years.

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