Investment, consumption 'still weak' | Bangkok Post: business

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Investment, consumption 'still weak'

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The private sector has not resumed investment and domestic consumption remains weak, cramped by rising household debt, says Veerathai Santiprabhob, a member of the State Enterprise Policy Commission and an adviser to the Thailand Development Research Institute. 

However, he said the country's second-half economic growth could be higher than in the first six months due largely to stable politics and government spending.

Economic growth this year could come in at between 1.5% and 2%, a low level among developing countries.

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