Thailand's Ministry of Finance on Monday lifted its growth outlook and forecast interest rate to rise.
The economy is forecast to grow in the range of 5 percent to 6 percent this year, with a mid point of 5.5 percent. The ministry lifted the estimate from around 5 percent.
Further, the interest rate is projected to rise to 3.25 percent this year from the current 3 percent. Inflation is seen at 3.6 percent.
Imports are estimated to rise 23.3 percent from a year ago and export of goods to expand 13.5 percent. The trade surplus is seen easing to $7.3 billion in 2012, the ministry said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.