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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.

DPA


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