Thailand lowers growth forecast after weak 3rd quarter

11/18/2013 | Bloomberg

Thailand is now forecasting 3% growth for 2013, down from its 3.8%-4.3% projection of August after disappointing exports pulled down growth in the third quarter. Looking ahead, "we need to see if external demand picks up in 2014 and offsets some of the drag in the domestic economy. The government's infrastructure spending is now more crucial than ever," said Gundy Cahyadi, an economist at DBS Group Holdings in Singapore.

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