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Home  >>   Daily News  >>   Thailand News  >>   Economy  >>   Bank pegs Thai GDP at 3.7 percent
NEWS UPDATES Asean Affairs        8  June  2011

Bank pegs Thai GDP at 3.7 percent

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The World Bank expects the Thai economy to grow 3.7 percent this year.

It projects that high-income countries will see the growth slowing to 2.2 per cent in 2011, from 2.7 per cent in 2010 before picking up to 2.7 percent in 2012.

Developing economies are likely to see growth declining to 6.3 percent during 2011 to 2013, from 7.3 percent in 2010, the World Bank reported in "Global Economic Prospect", launched today.

Federico Gil Sander, an economist, said the sovereign debt problem in Greece had remained a significant risk to the global economy as it could worsen the situation in other crisis-hit European countries.

Beijing's move to cool down its economy could affect exports and commodities demand as well.

But investment and consumption due to greater political stability would be provide an upside gain to its existing 3.7 per cent Thai economic growth forecast, Sander said.



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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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