BANGKOK: Thailand’s economy capped a rough 2014 with disappointing fourth-quarter growth, which will put more pressure on the military junta to jack up spending to try to spur recovery.
The national planning agency, which regularly cut projections last year, yesterday maintained its view the country can grow up to 4.5% this year – but given how dismal 2014 was, that would not be a strong rebound for an economy whose traditional growth engines continue to sputter.
“Private sector activity is still facing headwinds from political uncertainty and a fragile outlook for exports,” said Benjamin Shatil, senior economist at JP Morgan. “The outlook for 2015 remains modest with fiscal spending key to any sustained growth pickup.” — Reuters
Did you find this article insightful?