OPINION

Govt needs to plan for long-term growth

News, Pavida Pananond, Published on 13/10/2015

» Thailand's economic growth forecast has been on a slippery slope. From official estimates early this year of upwards of 4%, the World Bank's latest projection now pegs economic expansion at just above 2%. This steady descent is underpinned by a global economic slowdown, especially in China. More disconcerting, it also points to Thailand's fuzzy politics and structural shortcomings that only clear policy direction with measured political predictability can address.