The latest data of the Bank of Thailand (BoT) shows the country’s economic recovery is still uneven as private consumption and exports rose in May while investment fell compared to the previous month.
Hanoi (VNA) – The latest data of the Bank of Thailand (BoT) shows the country’seconomic recovery is still uneven as private consumption and exports rose inMay while investment fell compared to the previous month.
According to the BoT, private consumption in Mayrose by 1.3 percent from the previous month, when it dropped by 0.3 percent.However, the index for investment dipped 0.2 percent, bigger than the Aprilfigure of 0.1 percent.
In May, the Southeast Asian country recorded acurrent account surplus of 1.13 billion USD, after a surplus of 2.91 USD inApril.
Meanwhile, exports grew by 10.5 percent,doubling April’s 5.9 percent increase.
The recovery of exports, a driver for economicgrowth, has boosted the Southeast Asia’s second largest economy, whose growthhas lagged behind regional peers in recent years.
Thailand’s economy is forecast to expand fasterin the second half of this year. The BoT projected an economic growth of 3.4percent with exports rising 2.2 percent.
The country’s economy grew 3.2 percent lastyear.-VNA
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Illustrative image (Source: Bangkok Post) 
