Latest News |
Henan Jiyuan I&S orders Danieli EWR to upgrade its bar mill 03 August 2020 |
INTERVIEW: JSPL's steel export thrust to taper amid Indian market recovery 03 August 2020 |
New slab grinder plant operating at Posco Pohang, Korea 03 August 2020 |
China July steel PMI slipped marginally to 49.2% 03 August 2020 |
CIS billet exports slow, but prices yet higher 03 August 2020 |
![]() |
![]() |
![]() |
![]() |
Thai growth hits bottom
Source: Bangkok Post, November 16, 2007
The World Bank predicted
"It is likely that Thailand's growth this year, like last, will be the lowest among emerging East Asian countries," the bank said in its latest Thailand economic monitoring report.
Despite a 17.5-per-cent appreciation of the Thai baht against the dollar over the past two years,
Those exports are assembled in
But labour-intensive, high local-content sectors are suffering. The World Bank predicted a 6.5-per-cent decline in
Foreign direct investment inflows in
"The political uncertainty factor seems to be the most important one," said Milan Bramhbhatt, author of the World Bank's East Asia Pacific Update.
Overall, emerging
In South-East Asia, the World Bank forecast that Indonesia's economic growth would reach 6.3 per cent in 2007 and 6.4 per cent in 2008, Malaysia 5.7 per cent and 5.9 per cent, the Philippines 6.7 per cent and 6.2 per cent and Vietnam 8.3 and 8.2.
The World Bank expected
The region has survived the crises of 2007 - including the
"A review of the region's performance in previous global downturns suggest that the impact on East Asia is unlikely to be especially severe or protracted, given the region's strong macroeconomic fundamentals and in the absence of a major downturn in global high-tech demand, such as occurred in 2001," he said. (dpa)