Thailand's current account deficit (CAD) expanded USD 2.79bn last year, owing mainly to gold imports and repatriation of profits and dividends by foreign companies. According to the Bank of Thailand , the country recorded a current account surplus of USD 2.52bn in December last year, while it was posted at USD 2.29bn in November. The nation's current account surplus as a result of the trade surplus in December showed that there has been a significant improvement in external demand, while domestic demand remained poor, with such scenario, the country's economic growth is unlikely to pick up in the first half of this year.
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