Thai GDP on tap

Consensus and expectation are for a 6.0% drop in output which translates to 8.0% year-on-year growth.

DBS Group Research said, “The breakdown of 2Q GDP should point to resilience in consumption and exports as opposed to growth driven by temporary/technical factors such as inventories. With consumption and exports holding up, investment too should continue to recover and support the economy. From an external perspective, we also expect no double-dip in China and the US, the two major engines of global growth, and drivers of Thai export growth. All considered, our forecast for 2010 GDP remains at 8%, above consensus of 6.5%.”

View the graph here.

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