Thailand’s economy will bounce back in 2015 according to a recent poll conducted by Research Institute of Bangkok University that found that most economists are positive that both the world and Thai economies will pick up next year.
According to the survey, 75 percent of the respondents believe the global economy in 2015 will outperform that of 2014, and would grow by 3.5 percent. Only 12 percent think the opposite.
As many as 95 percent of respondents expect the Thai economy to surpass this year’s figures and will expand by 3.8 percent. Only 1.7 percent of the respondents think otherwise.
The majority of the economists estimated the country’s inflation rate at 2.3 percent. A total of 47 percent predicted the Bank of Thailand will raise the policy interest rate to 2.5 percent before the end of 2015, whereas 33 percent believed the central bank will maintain the policy interest rate at 2 percent throughout 2015.
Some 52 percent forecast the Baht will weaken to 33.20 baht versus the US dollar, while 23 percent forecast the Baht will strengthen.
The survey was conducted in early November and covered 60 economists from 28 leading agencies.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
