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2014.08.2106:49:00UTC+00Thailand's Gdp Likely to Grow by 2.7% in 2014

Quotes from Standard Chartered:

-Although we expect a V-shaped recovery for Thailand economy, we cut our 2014 GDP growth forecast to 2.7% from 3.5% to reflect the likelihood that the THB 2.4tn worth of public investment projects will not kick off until 1 October 2014 the earliest.

-We expect stronger growth of 6% in 2015 on recovering domestic demand and more stable expansionary fiscal policy as these projects are implemented.

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