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Thailand's economy is headed for slower growth.

Bangkok Post (Bangkok, Thailand)

| September 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Krissana Parnsoonthorn

Sep. 2--The Thai economy is heading for slower growth, thanks to high oil prices, rising interest rates and inflationary pressure, according to local economists.

The slowdown began in the first quarter, and was likely to run through to 2005.

Economic growth this year is projected at 6-7 percent, compared with 6.7 percent growth posted in 2003. Authorities had earlier projected growth this year would be as high as 8 percent, but high oil prices, the bird flu and falling consumer and investor sentiment has since led them led to trim their growth projections.

Economists agree that regardless of who forms the ...

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