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Economic Growth Slows in Thailand; Exports May Fall.
Byline: Somporn Thapanachai
Nov. 6--Thailand is moving toward moderate economic growth of about 3.7 percent next year, following favourable growth of 5.1 percent this year, according to a forecast by Salomon Smith Barney of Citibank.
Don Hanna, the firm's managing director and head of Asian emerging markets economics & market analysis, said yesterday that the 5.1 percent GDP growth in 2002 was driven by several factors, including growth in export, improvement in investment, as well as the government's domestic consumption stimulus programmes.
The Bank of Thailand projected that exports would rise to 3 percent to 4 percent in US dollar terms, ...
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Source: HighBeam Research, Economic Growth Slows in Thailand; Exports May Fall.