GDP growth in 2013 will come in just over 3%, says FTI | Bangkok Post: Most recent

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FTI: 2013 GDP growth above 3%

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Gross domestic product growth for 2013 would be slightly above 3% due to a slowdown in the export sector and in consumption this year, Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said on Friday. 

The FTI chief said  economic expansion in 2013 would not be as high as the 3.7% projected by several agencies because of the impact of the flooding in many provinces, a slowdown in domestic consumption and  expected export growth of only one percent this year.

He said FTI projected the economy and exports would perform better next year, about 5% growth in each, on the back of global economic recovery and an improvement in prices of agricultural products.

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