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Thai Ministry Lifts 2012 GDP Outlook

3/26/2012 8:28 AM ET

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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