HSBC cuts GDP growth forecast to 2.8% for 2013 | Bangkok Post: business

Business > News

HSBC cuts GDP growth forecast to 2.8% for 2013

  • Published: | Viewed: 3,850 | Comments: 2
  • Newspaper section: Business
  • Writer: Oranan Paweewun
- +

HSBC has slashed its expansion forecasts for Thailand to 2.8% this year and 4.4% next year after downbeat economic growth in the first half. 

‘‘It’s a story of overshoot in 2012 and undershoot in 2013. The 2014 economy could return closer to trend growth,’’ says Ms Lim. THANARAK KHOONTON

The government should allocate more of its budget to ensuring more sustainable growth, said HSBC's Asean economist Su Sian Lim.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

2 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments