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Byline: Parista Yuthamanop
Feb. 1--Economic growth for 2005 is estimated at 4.5 percent, well down from 6.2 percent the previous year, according to the Bank of Thailand.
Higher oil prices, the impact of the tsunami, drought and rising interest rates all took their toll on expansion, central bank officials said yesterday.
"All the key sectors -- industry, agriculture and tourism -- suffered from various negative factors last year," said Suchada Kirakul, the senior director for the Domestic Economy Department.
The National Economic and Social Development Board will announce the official fourth-quarter figures on March 6.
The ...
Source: HighBeam Research, 2005 growth likely to be as low as 4.5%.