{
    "success": true,
    "data": {
        "id": 1489703,
        "msgid": "thailands-gdp-forecast-downgraded-to-7-on-oil-prices-1447893297",
        "date": "2004-05-15 00:00:00",
        "title": "Thailand's GDP forecast downgraded to 7% on oil prices",
        "author": null,
        "source": "AP",
        "tags": null,
        "topic": null,
        "summary": "Thailand's GDP forecast downgraded to 7% on oil prices Bangkok, Thailand, Associated Press Thailand's gross domestic product growth will likely reach 7 percent this year - falling short of an ambitious 8 percent target - because of rising world oil prices, Prime Minister Thaksin Shinawatra said on Friday. \"I don't think the GDP growth this year will be as low as 6.5 percent like some people expect. Seven percent will be most likely,\" Thaksin told reporters.",
        "content": "<p>Thailand's GDP forecast downgraded to 7% on oil prices<\/p>\n<p>Bangkok, Thailand, Associated Press<\/p>\n<p>Thailand's gross domestic product growth will likely reach 7<br>\npercent this year - falling short of an ambitious 8 percent<br>\ntarget - because of rising world oil prices, Prime Minister<br>\nThaksin Shinawatra said on Friday.<\/p>\n<p>\"I don't think the GDP growth this year will be as low as 6.5<br>\npercent like some people expect. Seven percent will be most<br>\nlikely,\" Thaksin told reporters. \"The oil prices will have some<br>\nimpact on our economy, but we will try our best to minimize the<br>\nimpact.\"<\/p>\n<p>The prime minister also predicted global oil prices will<br>\ncontinue to dog Thailand's economy for the next decade.<\/p>\n<p>\"Higher oil prices will remain our big problem in the next 10<br>\nyears, but we will try to find the way out,\" Thaksin said.<\/p>\n<p>Thailand's GDP - the value of all goods and services produced<br>\n- grew 6.7 percent in 2003.<\/p>\n<p>Thaksin said inflation won't rise significantly despite higher<br>\noil prices. \"Inflation won't be that high. I can ensure it won't<br>\nexceed 3 percent this year,\" he said.<\/p>\n<p>The government started subsidizing fuel prices on Jan. 10 to<br>\nminimize the impact of global oil price volatility on the<br>\ndomestic economy. It has since raised the price of gasoline<br>\nfollowing the recent surge in oil prices, and has indicated it<br>\nmay be boosted again.<\/p>\n<p>Thaksin earlier said the government plans to launch energy-<br>\nsaving campaigns to reduce oil consumption. Government agencies<br>\nmay be required to use alternative fuels such as natural gas and<br>\n\"gasohol,\" a blend of ethanol and gasoline.<\/p>\n<p>Deputy Prime Minister Suchart Jaovisidha said on Friday a plan<br>\nto cut broadcasting time for state-run television in order to<br>\nsave energy may be implemented. Thailand imposed such a<br>\nrestriction 10-years ago.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/thailands-gdp-forecast-downgraded-to-7-on-oil-prices-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}