Thailand's 2013 GDP growth to edge up to 4.9%

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According to DBS, BOT has raised its 2012 and 2013 GDP growth forecast to 5.9% yoy and 4.9% yoy respectively (note our current numbers at 5.5% and 4.3% yoy). 2014 GDP growth forecast is now seen at 4.8% yoy.

"Added that inflationary pressure is not a concern, exports seen up 9.0 pct, headline inflation for 2013 projected at 2.8 percent, core at 1.7 percent. The BOT also noted that it is too early to assess the impact of a stronger THB on the economy," DBS further noted.