Economy / Thailand
Macroeconomic Forecast Thailand
October 2005 | Macroeconomic ForecastsAfter an impressive 6.1% expansion in 2004, we are now expecting growth to come in at 4.6% this year, downgraded from last month's 4.7% forecast. The main reasons for the lower growth outlook are the ongoing violence in southern Thailand, the impact of last December's tsunami and high oil prices, which pushed annual inflation to a seven-year high in September.
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