Source: Bangkok Post, ThailandDec.儲存倉 28--The Bank of Thailand is expected to cut its 2014 growth projection from the current 4% due to uncertainty about the general election and delays in public investment.Mathee Supapongse, the senior director of macroeconomic and monetary policy, said increasingly tense domestic politics could hurt consumer confidence, while the caretaker government faces difficulty in accelerating the process of public spending."There is a greater possibility that the 2014 economic growth forecast will be revised down unless there is something that causes sentiment to rise remarkably," he said.The central bank is waiting to observe developments next month before it gauges the impact of politics on foreign direct investment and domestic consumption.Mr Mathee said Thailand's economic fundamentals can withstand any stimulus tapering by the US Federal Reserve in January, and financial markets have modestly priced in the scenario.He declined to discuss the final review of the 2013 economic forecast, saying the迷你倉最平figure will be announced by the National Economic and Social Development Board.The central bank earlier slashed its 2013 economic forecast to 3% from a 3.7% view in October without taking into account recent political unrest.The Finance Ministry's Fiscal Policy Office has slashed its own 2013 economic growth forecast to 2.8% from 3.7% but said growth could reach 4% next year if a new government is installed in the first quarter.Economic growth in November, meanwhile, softened from the previous month as both domestic consumption and private investment contracted.The private consumption index fell by 2.4% year-on-year, down from 0.1% growth in October, owing primarily to waning purchases of durable goods.The private investment index fell by 7.8%, down from a 4.9% drop in October, after a decline in commercial car sales and machinery and equipment imports.Copyright: ___ (c)2013 the Bangkok Post (Bangkok, Thailand) Visit the Bangkok Post (Bangkok, Thailand) at .bangkokpost.com Distributed by MCT Information Services迷你倉
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