Thai economy likely to have grown 1 pct in Q2 - Scotiabank

The second quarter economic growth data for Thailand is set to be released next week. According to a Scotiabank research report, the Thai economy is likely to expand by around 1 percent sequentially in seasonally adjusted non-annualized terms. If realized, it would maintain an acceleration that occurred in the first quarter after a pair of disappointing quarters.

After the military coup of May 22, 2014, the economy has performed quite respectably in broad GDP terms and has averaged around 0.8 percent quarter-on-quarter growth in a high-low range of 1.3 percent down to 0.4 percent in the third quarter of last year.

Meanwhile, Malaysian inflation has been easing from a recent peak of 5.1 percent year-on-year in March and is likely to continue in the July update midweek. Malaysian inflation is expected to come in around 3.5 percent is anticipated, added Scotiabank. Bank Negara Malaysia has been looking through the rise as temporary and has kept policy on hold since July 2016.

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