Strong growth in 2014 if political scene stable, predicts UTTC | Bangkok Post: news

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UTCC: 2014 GDP growth 4.5%

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If the political scene stabilises, Thailand’s gross domestic product growth for 2014 should be around 4.5%, up on the 3% or so now forecast for this year, the Centre for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, said on Tuesday. 

Thanavath Phonwichai, the centre’s director, said exports are projected to grow about 6.5%, with a total value of US$245.35 billion next year.

Imports are expected at $272.37 billion, an increase of about 8%, resulting in a trade deficit of $27 billion, he said.

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