Thai central bank lifts GDP growth projection to 5.31% for 2013 | Bangkok Post: news

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BoT: 2013 GDP growth 5.1%

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The Bank of Thailand (BoT) on Friday revised its gross domestic product growth projection for the year to 5.1%, up from the previous forecast of 4.9%. 

The central bank assistant governor Paibul Kittisrikangwan said the BoT also adjusted its growth projection for 2014 to 5% from the previous expectation of 4.8%.

Mr Paibul said the revision was based on last year’s strong economic driving force, particularly the better than expected economic expansion of 18.9% in the fourth quarter and GDP growth of 6.4% in 2012.

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