Bank of Thailand lifts growth forecast for 2015, but trims 2016 estimate
The Bank of Thailand trimmed its 2016 economic growth forecast on Friday, reflecting expectations of zero export growth and suggesting the military government will continue to struggle with a sluggish economy.
At the same time, the central bank nudged its growth estimate for this year up to 2.8% from a 2.7% forecast three months ago, citing likely better-than-expected government investment and private consumption. But the new forecast is still about half the rate it projected in its initial 2015 forecast issued in June last year.
