Growth Slows

April 2005
Asia Monitor: South East Asia Monitor Volume 1;Apr2005, Vol. 16 Issue 4, p2
Country Report
Country Report
This article focuses on the economic growth in Thailand. Thai economic growth slowed during the final quarter of 2004 bringing full-year growth to 6.1 percent. The main reasons for the slower growth in 2004 include higher oil prices, outbreaks of avian flu, and violence in the south. At the start of 2004, Prime Minister Thaksin Shinawatra had been forecasting economic growth for 2004 of 8 percent. However, the Prime Minister himself was forced to acknowledge that this target would not be met in June 2004, as a combination of factors caused the economy to decelerate.


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