Economy expected to improve in Q4 | Bangkok Post: news

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Nida lowers 2013 growth to 3.7%

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The faculty of economic development at the National Institute of Development Administration (Nida) has slashed its economic growth projection for 2013 from 4.3% to 3.7%. 

The revision was based on a lower than expected growth rate of only 1.8% in the third quarter of the year, Nada Chansom, the faculty’s dean, said on Thursday.

Ms Nada said it was now projected that the economy would improve in the fourth quarter, with an expected gross domestic product growth of 4.9% on the back of improving export figures.

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