Asian Development Bank raises Thailand’s 2010 GDP growth to 7%

The Asian Development Bank (ADB) has increased Thailand’s gross domestic product (GDP) performance this year to 7 per cent, up from its April projection of 4 per cent, thanks to healthy private demand, ongoing investment and lingering effects of monetary policy measures.

Deferred demand: the hidden power propelling Thai economy

Earlier this year, several research institutions were rather bearish towards Thai economic prospects: many forecast GDP would grow only 3-4% this year following a 2.2% contraction last year.

Thailand’s First half 2010 GDP Growth reaches 10%

The strength and resilience of Thailand’s economy continues to be reflected in the data, beginning with its 12% growth in gross domestic product during the first quarter of 2010. That was the best rate of growth in about 15 years, nearly three times better than Q1 2009, and about double the preceding quarter. It is estimated that GDP growth for the first half of 2010 will be approximately 10%.

Thailand’s GDP to grow 3.5 to 4.5% in 2010

Thailand’s gross domestic product grew 12 per cent year-on-year in the first quarter of 2010 – one of the highest growths in the world – while exports soared above 30 per cent, Prime Minister Abhisit Vejjajiva said on Sunday.