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Thai Ministry Lifts 2012 GDP Outlook

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.

by RTT Staff Writer

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