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Bangkok Post
Bangkok Post
Business

BofA views uneven recovery ahead

Despite strong electronics exports, BofA Securities says Thailand's domestic production growth has slowed, reflecting limited value-added activity.

The Thai economy is expected to miss the country's potential growth level of 2.5-3% over the next two years, says Bank of America (BofA), noting that the ongoing recovery remains "limited and uneven" while energy supply shocks and price volatility persist.

In recent research by BofA Securities, the corporate and investment banking division of BofA reported that Thailand's economy has improved sequentially, but the recovery remained limited and uneven.

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