KBank: Q4 GDP growth 13%
- Published: 1 Dec 2012 at 16.50
- Online news:
Kasikorn Research Centre has raised its gross domestic product growth projection for the fourth quarter to 13% compared with the same period last year, from the previous forecast of 12.5%.
The high figure for the fourth quarter reflects the low base at the end of last year when the economy was crippled by floods. The economy in the fourth quarter of 2011 contracted by more than 9%.
K-Research, an affiliate of Kasikornbank, maintained its growth projection for all of 2012 at 5% on the back of lower-than-expected economic expansion in the third quarter.
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