The World Bank on Thursday revised down its forecast for Thailand's economic growth in 2007 from 4.6 percent to 4.3 percent. The semi-annual "Monitoring the Thai Economy" reported that the bank had decreased Thailand's GDP growth projection because household consumption, as well as private and state investment in the country, had slowed due to political uncertainties and the ambiguous economic policy adopted by the current government. The bank projected that private consumption, private investment, state investment and imports would expand 3.5 percent, 4 percent, 4.2 percent and 5.9 percent, respectively, this year.
The Nation