Bank of Thailand - Annual Report 2004

The Thai economy grew by 6.1 percent in 2004, decelerating slightly from 6.9 percent growth in 2003, due to the slowdown in domestic demand especially in private consumption and private investment, according to the Bank of Thailand's Annual Report 2004.

External demand remained satisfactory with export value attaining record levels. The engines of growth in 2004 proved to be private investment and exports. The Private Investment Indicator expanded by 12.8 percent, decelerating from 13.6 percent

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