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BoT warns of slump in GDP growth

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Gross domestic product (GDP) growth could come in below last year’s 2.9% if the political stalemate persists throughout the year, says a senior Bank of Thailand official. 

An economic recession is possible in the first half only if the situation becomes increasingly violent, said Don Nakornthab, director of economic policy.

His optimistic comment came after CIMB Thai Bank's research house warned that the country could enter a recession in the second quarter.

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