World Bank sees 4-per-cent growth for Thailand, if protests end
February 11, 2014 00:00
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.