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Oversea Chinese Banking : Thailand's growth to expand in H2/2014

09/07/2014 | 03:22am US/Eastern

Thailand's growth is likely to see pickup in growth before the year-end, but OCBC maintains its full-year growth forecast at 1.5% on stronger demand for capital goods. According to Barnabas Gan, economist at OCBC Bank, stronger demand for capital goods, likely led by healthier business sentiment, may signal a better economic climate during the period.

The nation's exports declined 0.3% during the first seven months of the year, while imports contracted 12.0%.

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