Thailand pares 2013 forecast after slow 1st quarter

05/20/2013 | Bloomberg

Thailand's economy grew 5.3% year-on-year in the first quarter, a disappointing result that led the government to scale back its forecast for the full year. Growth for 2013 is now projected at 4.2% to 5.2%, down from the earlier outlook of 4.5% to 5.5%, while exports are expected to rise by 7.6% rather than 11%.

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