The Nation



World Bank sees 4-per-cent growth for Thailand, if protests end

The World Bank on Tuesday projected 4-per-cent growthfor the Thai economy in 2014, if anti-government protests do not last too long.

The kingdom’s gross domestic product grew 3 per cent in 2013,compared with 6.5 per cent the previous year, dragged down by a contraction of 0.2 per cent in exports and a slowdown in household consumption, the World Bank said.

In 2014, GDP is expected to expand 4 per cent, boosted by a6-per-cent increase in exports, driven by a recovery of the global economy, and a 5-per-cent increase in private investments, it said.

But that level of growth would depend on an end to the political turmoil and anti-government protests in Bangkok since early November, which show no signs of abating soon.


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.