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Article: Thais cut growth estimate
- Article from:
- China Daily
- Article date:
- September 7, 2004
- Author:
CopyrightCopyright 2004 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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Thailand's government cut its economic growth forecast to 6.5 per
cent this year after second-quarter expansion was less than expected
because of record oil prices and an outbreak of bird flu.
The government cut the growth estimate for 2004 by half of a
percentage point after the National Economic and Social Development
Board reported yesterday that gross domestic product in Southeast
Asia's second-largest economy expanded at a seasonally adjusted 0.8
per cent, the same as the previous quarter.
Thailand's lower estimate compares with increased growth
predictions in Southeast Asian neighbours Singapore and Malaysia,
where rising domestic spending is supplementing gains in exports.
Thailand's ...