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Thai planning agency cuts 2013 GDP growth forecast to 3.8-4.3 pct
by Cals Mon 19 Aug 2013, 11:34
Thai planning agency cuts 2013 GDP growth forecast to 3.8-4.3 pct
Business & Markets 2013
Written by Reuters
Monday, 19 August 2013 11:07
BANGKOK (Aug 19): Thailand's planning agency cut its forecast for economic growth this year to 3.8-4.3 percent from the 4.2-5.2 percent seen in May, mainly because of weak exports due to the slow recovery in the global economy.
The National Economic and Social Development Board, which compiles gross domestic product (GDP) data, also lowered its 2013 export growth estimate to 5.0 percent from 7.6 percent earlier.
It trimmed its forecast headline inflation to 2.3-2.8 percent for this year, compared with 2.3-3.3 percent earlier.
On July 19, the Bank of Thailand lowered its GDP growth projection to 4.2 percent from the 5.1 percent seen in April and cut its export growth prediction for this year to 4.0 percent from 7.5 percent.
Economists in a Reuters poll last week forecast 2013 economic growth of 4.0 percent. - Reuters
Business & Markets 2013
Written by Reuters
Monday, 19 August 2013 11:07
BANGKOK (Aug 19): Thailand's planning agency cut its forecast for economic growth this year to 3.8-4.3 percent from the 4.2-5.2 percent seen in May, mainly because of weak exports due to the slow recovery in the global economy.
The National Economic and Social Development Board, which compiles gross domestic product (GDP) data, also lowered its 2013 export growth estimate to 5.0 percent from 7.6 percent earlier.
It trimmed its forecast headline inflation to 2.3-2.8 percent for this year, compared with 2.3-3.3 percent earlier.
On July 19, the Bank of Thailand lowered its GDP growth projection to 4.2 percent from the 5.1 percent seen in April and cut its export growth prediction for this year to 4.0 percent from 7.5 percent.
Economists in a Reuters poll last week forecast 2013 economic growth of 4.0 percent. - Reuters
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