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Oil biggest risk to Thai growth in Q1

Thailand’s economy should continue its growth in the first quarter, but high oil prices will soften domestic demand, says the Fiscal Policy Office. Rising political instability in the Middle East and North Africa have forced the FPO to raise its forecast for Dubai crude prices, the benchmark for East Asia, by nearly 10% for the current quarter, said Boonchai Charassangsomboon, executive director for the office’s Macroeconomic Policy Bureau.


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