Bank of Thailand still upbeat despite headwinds

Customers shop for rice and canned goods at a supermarket in Bangkok. The country's headline inflation rate is expected to continue declining, landing in the central bank's inflation framework range of 1-3% next year. (Photo: AFP)

The Thai economy will face more challenges next year amid global uncertainties, but its recovery remains on track, according to a Bank of Thailand (BoT) executive.

Thailand's economy is posting a gradual recovery, as forecast by the BoT. The bank predicted GDP growth of 3.3% this year and 3.8% next year.