ASEAN KEY DESTINATIONS
Bank pegs Thai GDP at 3.7 percent
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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