Here are 3 threats to Thailand's economic growth

Upward revision from 4.9% GDP may still be shady.

According to Maybank Kim Eng, while markets are looking for an upward revision in Thai economic growth, certain risks still remain.

Here's more:

Cautiously, we would like to highlight that risks to Thai economic growth remain.

Those include (1) global uncertainties, (2) the appreciating Thai baht, and (3) the domestic political situation.

The political issues include Prime Minister Yingluck Shinawatra’s allegedly false assets-declaration submission and linkage in several corruption investigations; such as the rice pledging scheme, conflicts over amending the Constitution, and the unresolved territorial dispute with neighbouring Cambodia.

In addition, oneshould be cautious on momentum as the post-flood stimulus has lessened.

At the upcoming Monetary Policy Committee (MPC) meeting on April3, markets are waiting to see whether the 2013 GDP growth forecast of the Bank of Thailand will be revised upward, from the current 4.9%.

The expectation of a revision is reflected in consumer confidence in February that reached its highest level in 19 months. That was driven mainly by (1) economic expansion, (2) low inflationary pressure, (3) export recovery, (4) fiscal stimulus, and (5) higher purchasing power.

However, the figure of 74.3 was still below the 100 benchmark for positive confidence.

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