BANGKOK, May 20 (Reuters) - Data from the National Economic
and Social Development Board (NESDB):
Gross Domestic Product (pct change)
Period Q1/13 Q4/12 Q3/12 Q2/12 Q1/12 Q4/11 Q3/11
Q/Q(s/a) -2.2 +2.8* +1.5 +2.8 +10.8 -10.5 +1.6
Y/Y +5.3 +19.1* +3.1 +4.4 +0.4 -8.9 +3.7
ANNUAL 2012 2011 2010 2009 2008 2007 2006 2005
+6.4 +0.1 +7.8 -2.3 +2.5 +4.9 +5.1 +4.6
- Economists had forecast that in January-March, Thailand's
economy would contract a seasonally adjusted 0.8 percent from
the previous three months. They projected 5.7 percent growth on
an annual basis.
- Domestic demand has moderated after surging in the months
that followed devastating floods in late 2011. But it has
continued to be the main driver of growth as global problems
plus a strong baht have hurt exports.
- The Bank of Thailand (BOT) has forecast economic growth of
5.1 percent this year and export growth of 7.5 percent.
- Southeast Asia's second-largest economy expanded a
faster-than-expected 6.4 percent in 2012 after a scant 0.1
percent in 2011 due to the massive floods.
- The BOT's monetary policy committee (MPC) has left the
benchmark interest rate at 2.75 percent since
October. Officials have cited high household debt and fast
credit growth as reasons not to cut rates.
- Finance Minister Kittirat Na Ranong has called for a cut
in the policy rate, saying it's too high and has attracted
capital inflows that pushed up the baht to a 16-year
high against the dollar in April, crimping exports.
- Until recently, most economists had seen no chance of a
rate cut this month, and most still don't see a case for it.
However, some have said the possibility of a cut has grown
because of the government pressure. The next rate-setting
meeting is on May 29.
For details, see NESDB website:
(Reporting by Kitiphong Thaichareon; Writing by Orathai
Sriring; Editing by xxxx)
Keywords: THAILAND ECONOMY/GDP
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