The World Bank says Thai GDP will struggle to reach its full growth potential. Wichan CharoenkiatpakulThe country's underlying productivity challenges are expected to cap Thai economic growth at a mere 3.4% in 2019, the World Bank says. Consumption should continue to underpin Thai GDP growth, while public infrastructure investment and some structural reforms could help crowd in private investment, the World Bank said. "However, this transformation has stalled in Thailand, and its pace also remains weak in Malaysia and the Philippines since the Asian financial crisis," the World Bank said. "Postponing ongoing political reforms could increase political uncertainty and could delay public spending and economic reforms, potentially weighing on consumer and investor confidence," the World Bank said.

Source: Bangkok Post April 18, 2017 20:48 UTC