ADB: 2012 GDP growth 5.2%
- Published: 3 Oct 2012 at 13.33
- Online news:
The Asian Development Bank (ADB) has lowered its 2012 gross domestic growth projection for Thailand from 5.5% to 5.2% on the back of a global economic recession that has hurt the Thai export sector.
The bank’s senior economist, Lucksamon Atthapich, said on Wednesday the ADB also slashed its growth forecast for 2013 to 5% from the previous projection of 5.5%.
The ADB has also lowered its growth projection for developing countries in Asia to 6.1% from 6.9% and to 6.7% in 2013, down significantly from 7.2% in 2011, she added.
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