Thailand’s 2Q24 economic growth beat expectations with an expansion of 2.3%, slightly higher than the 2.1% growth projected by economists polled by Reuters.
When compared to the previous quarter, growth in April to June showed a 0.8% QoQ expansion, slightly below a 0.9% growth polled by Reuters and lower than a seasonally adjusted 1.2% in 1Q24.
According to the Planning Agency, growth projected at 2.3-2.8%, compared to 2.0-3.0% seen in May.
Exports this year projected at 2.0%, the same level as seen in May.
Meanwhile, headline inflation is expected to remain low at 0.4-0.9% for 2024.
