Thailand’s GDP likely to grow at 3.7% in 2016

In Thailand, the agriculture sector narrowed down further as it reduced by 5.7% y/y. The manufacturing activity remains sluggish increased by 0.8% y/y. Whereas, a temporary fall is noticed in the Tourism-linked industries like hotels & restaurants, retail trade, and transportation.

In Q3, Thailand's GDP growth was solid as it posted 1.0% quarter on quarter and 2.9% year on year basis.

"We maintain our 2015 growth projection at 2.5% with modest upside risks, and see growth rising to 3.7% in 2016", says Barclays in a research note.