Standard Chartered Bank lowers Thailand's 2015 GDP forecast to 5.1 pct
Quotes from Standard Chartered The execution of public infrastructure projects - including a dual-track rail system and the extension of subway and motorway networks - has been slower than our expectations so far. This, …
The execution of public infrastructure projects - including a dual-track rail system and the extension of subway and motorway networks - has been slower than our expectations so far.
This, along with January's disappointing export performance, prompts us to revise down our 2015 GDP growth forecast to 5.1% from 6.0%.
Our revised growth forecast of 5.1% remains above the 4.0% consensus of economists surveyed by Bloomberg.
We think accelerating FDI will provide a positive impetus to growth.
We see increasing interest from foreign companies, particularly Japanese companies, in capitalising on the regional opportunities arising from the ASEAN Economic Community (AEC) and untapped demand in Cambodia, Laos, Myanmar and Vietnam.
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