As analysts expected a measly 2.34%.
According to BBVA, Thailand’s March exports surprise to the upside at 4.55% y/y (consensus: 2.34%).
BBVA also said that along with other peers in the ASEAN region, the Thai economy is a bright spot in Asia, with GDP growth expected to reach 4.7%, after last year’s outturn of 6.4%.
"The Thai baht has been among the region’s best performers this year, having appreciated by around 6% against the USD on strong capital inflows," BBVA said.
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