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WORLD BANK PREDICTS 5% GDP GROWTH FOR THAILAND THIS YEAR.
BANGKOK, June 1 Asia Pulse - Thailand's gross domestic product (GDP) will grow 5 per cent this year despite the oil price hike crisis, according to the World Bank (WB) report.
The World Bank's leading economist for Southeast Asia, Kazi Matin, based in Bangkok said in a statement released here on Wednesday that he expected Thailand's GDP growth in 2006 to rise to 5 per cent, with better performance in Thai exports of goods and services and a slowdown in import growth in line with the country's slower growth in investment.
Mr. Matin added that private investment growth was projected to fall for the second year running, and that, in the face of higher oil prices, priority should be given to action to raise the country's investment level and its productivity.
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Source: HighBeam Research, WORLD BANK PREDICTS 5% GDP GROWTH FOR THAILAND THIS YEAR.