BANGKOK – TMB Bank Public Company Limited has forecast that the Thai economy will expand by 3.5% this year due to the government’s economic stimulus measures.
Chief Executive of TMB Bank Boontak Wangcharoen has said the Thai economy will begin to recover this year. Contributing factors including government spending, private investments and tourism growth.
TMB Bank Chief Executive Boontak Wangcharoen.
However, Mr. Boontak has cautioned that Thailand’s growth is also subject to other factors, namely the global economy, drought crisis, U.S. interest rate policy and capital flows. The Thai export sector is likely to experience direct impact from the slowing Chinese economy.
