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Bangkok Post

Business

IMF raises Thai GDP growth forecast

International Monetary Fund GDP Thailand the International Monetary Fund Pipat Luengnaruemitchai

People shop at Bang Kapi Market using the government's co-pay scheme, which the IMF believes will lift the country's economic growth. (Photo: Varuth Hirunyatheb)

The International Monetary Fund (IMF) has upgraded Thailand's GDP growth forecast to 1.9% from 1.5%, supported by the government's stimulus measures.

According to the IMF's World Economic Outlook Update released on Wednesday, the uptick reflects the emergency fiscal measures and is supported by robust technology-related exports and investment.

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