Illustrative image (Source: Bangkok Post) Hanoi (VNA) – The latest data of the Bank of Thailand (BoT) shows the country’s economic recovery is still uneven as private consumption and exports rose in May while investment fell compared to the previous month.
According to the BoT, private consumption in May rose by 1.3 percent from the previous month, when it dropped by 0.3 percent. However, the index for investment dipped 0.2 percent, bigger than the April figure of 0.1 percent.
In May, the Southeast Asian country recorded a current account surplus of 1.13 billion USD, after a surplus of 2.91 USD in April.
Meanwhile, exports grew by 10.5 percent, doubling April’s 5.9 percent increase.
The recovery of exports, a driver for economic growth, has boosted the Southeast Asia’s second largest economy, whose growth has lagged behind regional peers in recent years.
Thailand’s economy is forecast to expand faster in the second half of this year. The BoT projected an economic growth of 3.4 percent with exports rising 2.2 percent.
The country’s economy grew 3.2 percent last year.-VNA
According to the BoT, private consumption in May rose by 1.3 percent from the previous month, when it dropped by 0.3 percent. However, the index for investment dipped 0.2 percent, bigger than the April figure of 0.1 percent.
In May, the Southeast Asian country recorded a current account surplus of 1.13 billion USD, after a surplus of 2.91 USD in April.
Meanwhile, exports grew by 10.5 percent, doubling April’s 5.9 percent increase.
The recovery of exports, a driver for economic growth, has boosted the Southeast Asia’s second largest economy, whose growth has lagged behind regional peers in recent years.
Thailand’s economy is forecast to expand faster in the second half of this year. The BoT projected an economic growth of 3.4 percent with exports rising 2.2 percent.
The country’s economy grew 3.2 percent last year.-VNA
VNA
