The Nation



BOT may slash 2014 growth forecast

The Bank of Thailand may revise down the 2014 economic growth forecast from 4.2 per cent to below 3 per cent.

BOT Governor Prasarn Trairatvorakul repeated the message on Friday, when meeting reporters.

He said that although the previous prediction had only been made in December, a number of factors suggest a downward adjustment.

It cited the ongoing political turmoil, which had led to sluggish domestic consumption and investment, a lack of public spending due to the absence of a permanent government, as well as the below-par performance of the export sector so far this quarter.

The Nation

Comments conditions

Users are solely responsible for their comments.We reserve the right to remove any comment and revoke posting rights for any reason withou prior notice.