NESDB projects Thailand's GDP to grow 4.2%-5.2% in 2013

By bne IntelliNews May 22, 2013

The National Economic and Social Development Board (NESDB) downgraded the projection for Thailand's gross domestic product (GDP) growth to 4.2%-5.2% this year. As reported by Organisation of Asia-Pacific News Agencies, NESDB Secretary-General Arkhom Termpittayapaisith stated that the economy is likely to be affected by the government's declining economic stimulus measures, global economic growth rates, continual appreciation of the currency.

The country’s GDP grew 5.3% y/y during the first quarter of the year, as compared to an expansion of 19.1% y/y posted during the fourth quarter of last year. The domestic consumption and household expenses accelerated 4.2% y/y during the first quarter of the year, while the domestic investments grew 6% y/y.

 

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