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World Bank Forecasts 3 to 3.5 Percent Growth for Thai Economy in 2002.
Byline: Krissana Parnsoonthorn
Jun. 1--The World Bank has forecast 3 percent to 3.5 percent economic growth for Thailand this year, driven by local consumption expansion and government spending.
The projection was similar to the revised target of the Bank of Thailand, reflecting improvements in the economy, said Ejaz Ghani, a lead economist with the World Bank.
Similar to a recent assessment of the Thai economy by the International Monetary Fund, the World Bank noted that rising domestic consumption and government spending had driven economic activities while private investment had improved slowly and production utilisation remained at low ...
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