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GDP growth for year could be below 5 percent.
Byline: Wichit Chantanusornsiri
May 9--With first-quarter economic growth well below expectations at just 3.4 percent, Finance Ministry officials say growth for the full year could be less than 5 percent, one full point below original targets.
The National Economic and Social Development Board is scheduled to announce the official first-quarter growth figures on June 6.
Previous forecasts had projected growth of 6 percent for the first quarter, compared with 5.1 percent in the fourth quarter and 6.1 percent for all of 2004.
However, the impact of the Dec 26 tsunami, drought and high oil prices is now expected to cause growth to fall ...
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Source: HighBeam Research, GDP growth for year could be below 5 percent.