Coming off a weak 2014, with economic growth of just 0.7%, Thailand’s economy staged a slow but steady recovery year-to-date (YTD), and is well placed to build momentum into 2016.
Thailand
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Economic update | Thailand Year in Review 2015
15 Dec 2015
Despite some delays, Thailand is pushing ahead with a series of rail projects that will link its industrial hubs to China and restore historical routes to Laos and Vietnam.
After a slowdown in infrastructure development in recent years, Thailand’s construction industry now looks set to benefit from a major economic support programme aimed at boosting the country’s competitiveness.
Demand for rental space in the office segment of Thailand’s property market is tipped to rise at double-digit rates this year, outpacing growth forecasts for both the real estate sector and the broader economy, and adding pressure to already limited supply.
Economic update | Thailand moves on airport expansion
19 Aug 2015
A revival in international passenger numbers, coupled with strong domestic traffic, has seen Thailand accelerate its aviation infrastructure investment programme to meet increased demand.
With domestic demand for vehicles likely to remain weak and new levies on the horizon, Thailand will be relying on stronger exports to help carry its automotive industry closer to year-end sales targets.