Export buoyancy supports Q4 GDP for Thailand

BANGKOK - Thailand’s Q4 GDP for 2017 increased by 0.5% q/q in seasonally adjusted terms, translating into annual growth of 4.0% y/y. For full year 2017, growth came in at 3.9%. Growth remained predominantly supported by exports, with private investment unable to gain traction through the year.

ANZ Bank says that in Q4 2017, both private and public consumption also disappointed on a sequential basis, although this is likely to have been a one-off development.

“Until growth gains further breadth, the Bank of Thailand is unlikely to start normalising monetary policy,” it said.  www.live.anz.com (ATI).