2011 GDP growth sinks to 0.1% on flood crisis
Bounceback of about 6% expected this year
- Published: 21 Feb 2012 at 00.00
- Newspaper section: Business
Thailand recorded gross domestic product growth of 0.1% last year as flooding disrupted business and manufacturing, but this year's growth should come in at between 5.5% and 6.5%, says the government's top think tank.
Before the floods, the National Economic and Social Development Board (NESDB) projected GDP growth of 3.8% for the year.
The economy grew by 7.8% in 2010.
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