2014 GDP growth projection cut to 2.5% | Bangkok Post: business

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2014 growth projection cut to 2.5%

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The University of the Thai Chamber of Commerce (UTCC) has revised the country’s Gross Domestic Product (GDP) growth projection for 2014 to 2.5%, down from an earlier forecast of 4.5%. 

Thanavath Phonvichai, an economist at the University of the Thai Chamber of Commerce, has revised the country’s GDP growth projection for 2014 to 2.5%.

Thanavath Phonvichai, an economist at the UTCC said the GDP projection had been slashed to between 2% and 3% due to ongoing political deadlock and the unsuccessful general election.

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