Economic growth to slow to 4% next year, says research house.

Byline: The Nation.

Thailand's economic growth will slow to 4 per cent next year and depend more on government stimulus spending on the back of a deteriorating global economic outlook and rising political uncertainty, says SCBA Economic Research.

The research report, published on Tuesday, said the direct impact on the economy would come from external trade and fund flows, including direct investment and portfolio flows.

Private-consumption recovery will be limited, due to the political turmoil. The economy will depend more on government spending and investment, as well as quasi-fiscal stimulus packages via state-owned specialised financial …