Thai business group sticks by GDP outlook despite inflation risk

Thailand’s economy is still expected to grow 2.75 per cent to 3.5 per cent this year, helped by increased exports, more tourists, and government support, but faces rising inflationary pressures, a leading joint business group said on Wednesday (Aug 3).

Exports are expected to increase 6 per cent to 8 per cent this year, up from a previous forecast rise of 5 per cent to 7 per cent, according to the group, which includes representatives from industry, banking and commerce.

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