Escap eyes 3.9% growth for Thailand
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Thailand's economy, after the sharp slowdown to 0.8 per cent in 2014, is forecast to grow by 3.9 per cent due to increased short-term consumer and investor confidence following the end of the protracted political instability, said the United NationsEconom
Thailand is cited as one of the growth drivers in the region.
The report titled "Economic and Social Survey of Asia and the Pacific 2014: Year-end Update" said growth in Asia-Pacific developing economies will pick up moderately in 2015. Yet, it also highlights that growth in the region remains below pre-crisis levels.
Prospects for growth would be better if supported by much-needed structural reforms, and could also be boosted by lower oil prices that are an opportunity to mobilize resources for inclusive and sustainable development, it said.
The Nation
