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 Economy
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04 Dec 06 03:35
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Thai economy expected to grow 5 percent this year
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Vipin Wilson
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Bangkok, Dec 4: The government raised its 2006 growth forecast Monday after the Thai economy expanded more than expected in the third quarter, when a military coup capped seven months of political turmoil.
Analysts said the quarterly growth of 1.5 percent, adjusted for seasonal patterns, in gross domestic product and annual expansion of 4.7 percent would persuade the central bank against cutting interest rates when it reviewed policy next, on Dec. 13.
"Even though the pressure on the...
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