Real GDP forecast reduced to 2.2% for 2011.

By bne IntelliNews November 7, 2011
Thailand's real Gross Domestic Product (GDP) forecast has been reduced to 2.2% for this year, as compared to 3.3% forecasted earlier, owing to flood outbreak. As reported by Dow Jones International News, the country's problems has been aggravated by the floods affecting agriculture as well as industrial sectors, with the nation already been troubled by the supply-chain disruptions from Japan's earthquake held in March. The nation is concerned about the long-term impacts of the floods that are expected to adversely affect public finances given the large-scale fiscal response, as well as the risks associated with the hollowing out in some industries that in turn is likely to weigh down exports and GDP.
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