Turmoil takes toll on GDP forecasts | Bangkok Post: business

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Turmoil takes toll on GDP forecasts

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HSBC has trimmed its Thai economic growth forecasts to 3.5% this year and 4.5% next year, while Moody's Analytics and Kasikorn Research Center (K-Research) see 2014 growth of 3.2% and 3%, respectively, on growing risk from the political stand-off. 

The forecasts are a fresh sign that economic growth in 2014 could expand by less than the normal rate of 4%.

HSBC also predicts the Bank of Thailand's rate-setting committee will further slash the policy rate by 25 basis points to 2% at today's meeting.

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