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.
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