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Falling Prices Foreseen As Demand Remains Sluggish in Thailand.
Jan. 3--Sluggish economic demand, seasonal declines in commodities prices and higher energy prices in early 2001 will probably result in falling prices over the next few months.
But most analysts questioned agree that the economy is unlikely to slip into a disinflationary spiral like Japan, as projected gains in the local and global economy by mid-year should boost growth.
Many agree that the average 2001 inflation reported yesterday by the Commerce Ministry of 1.6 percent was lower than many had forecast.
Notably, the consumer price index in December fell by 0.3 percent from the month before.
Somyos Chamchoy, a senior researcher at ...
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Source: HighBeam Research, Falling Prices Foreseen As Demand Remains Sluggish in Thailand.