In its recent Economic Outlook, Thai Economic Performance in Q2 and Outlook for 2013, the National Economic and Social Development Board (NESDB) reports that the global economy continues to recover at a modest pace, with stronger recovery in the United States, an improvement in Japan's economy and an end of recession in the Eurozone. Despite this, the slower rate of recovery and the adjustments being made to China's economy will continue to hamper global economic growth in 2013. Global economic expansion for the year, according to NESDB, will be at a rate of 3.3 percent, lower than the expected rate of 3.6 percent. Thailand's economic growth rate for the year is expected within the range of 3.8 and 4.3 percent, according to NESDB. |