Senior managers from the top firms listed on the the Stock Exchange of Thailand (SET) believe economic growth will be lower than 4.5% during 2013, a survey has found.
The survey, conducted by the Thai Listed Companies Association, questioned senior managers from 75 listed firms covering nine industrial groups.
It found that 57% of respondents believe the country’s economic expansion rate will stay below 4.5% this year, while 25% predict growth ranging between 4.5% and 5%.
Managers cited several negative factors that could derail economic growth this year including the global economic slowdown, internal political uncertainty, the populist policies of the government, the baht fluctuation, and declining exports and domestic purchasing power.
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