Thai growth to lag Asean nations: UTCC
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The Thai economy is expected to pick up only 2-3 per cent this year, the laggard among Asean countries, given the prolonged political situation, according to the University of the Thai Chamber of Commerce.
Aat Pisanwanich, dean of economics, said yesterday that growth in gross domestic product was expected to be less than 3 per cent against the projected Asean average of 6-7 per cent, mainly because of the country’s political situation and its sagging competitiveness.
If the political situation continues into next quarter, about Bt200 billion worth of foreign direct investment (FDI) may be postponed or shifted to Indonesia, Vietnam, Cambodia and Myanmar, he said.
The Nation
