Thailand chartbook: Faster ascent in 2H22
- Thai growth recovered in 1H22, with a muted take-off of 2.4% YoY
- We expect the economy to strengthen further in 2H, driven by a wider reopening from July
- Private consumption and tourism, already rising, are set to gather additional momentum
- Further gradual BOT hikes are likely. Recovery is intact and high inflation is a concern
- Lower 2022 growth forecast to 3.2% (from 3.5%), reflecting 2Q22 rate and rising global headwinds
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