GDP may expand only 2% in worst case
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Tisco Wealth expects Thailand's economic growth to expand only 2 per cent this year, should the government fail to fix flood problems within a few months and the inner Bangkok areas are significantly affected.
In the worst-case scenario, the fourth-quarter economy would contract.
Tisco Wealth will reevaluate the 2012 situation. It noted that the manufacturing sector should recover quickly if machinery in inundated industrial zones is not significantly damaged.
