Impasse hits 2014 growth | Bangkok Post: business

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Impasse hits 2014 growth

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The Joint Standing Committee on Commerce, Industry and Banking predicts one or two percentage points will be shaved off economic growth if the political turmoil lasts for several more months. 

The private sector has expressed concern that the ongoing political impasse, which has taken a bite into domestic consumption and investment, will also affect foreign direct investment, Payungsak Chartsutipol, chairman of the Federation of Thai Industries, said after the meeting yesterday.

The central bank earlier predicted that 2014 gross domestic product (GDP) growth could be lower than the 3% figure for 2013.

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