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Bangkok Post

Business

JP Morgan retains growth forecast at 3%

JP Morgan Filippo Gori GDP Thailand

JP Morgan has maintained its Thai GDP growth forecast at 3% this year, driven by consumption and tourism.

Mr Gori said JP Morgan is cautiously optimistic on Thailand's macro outlook.

Amid rising and broadening inflationary pressures, the bank expects the Bank of Thailand to increase the policy rate by 25 basis points in each of the three remaining MPC meetings this year.

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