BANGKOK (AFX-ASIA) – The finance ministry today said it has lowered its 2004 growth forecast for Thailand to 7.1% from 7.9% due to soaring oil prices and other negative factors, including an expected economic slowdown in China. “Our previous estimate was based on oil prices being at US$31 a barrel, but now it is US$5.6…
THAILAND: 2004 growth forecast down to 7.1% from 7.9% on oil, China concerns
Posted on June 8, 2004 by EnergyAsia