Thai political violence could cost over 4 bln USD: expert

20:58, May 27, 2010      

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The recent violent movement by the anti-government protestors could cost the Thai economy from about 138 billion baht (4.239 billion U.S. dollars) to 155 billion baht (4.761 billion U.S. dollars), Thanawat Polwichai, director of the Economic and Business Forecasting Centre at the University of the Thai Chamber of Commerce (UTCC), said on Thursday.

The country's gross domestic product (GDP) for the whole 2010 could be deducted by 1.4 percent to 1.6 percent due to the political violence, the Thai News Agency (TNA) quoted Thanawat as saying.

Hence, it is estimated the 2010 GDP will grow at 4.5 percent year on year, lower from the previous UTCC forecast of 6-7 percent, Thanawat said.

The "red-shirt" protestors had occupied the Rajprasong Intersection, the main commercial area in central Bangkok, since early April before they ended their prolonged rally at 13:00 hours on May 19.

The death toll from a series of violent clashes between the anti-government protestors and troops during March 12 to May 19 stood at 88 as some 1,885 others were wounded, Public Health Minister Jurin Laksanawisit said on May 25.

Source: Xinhua

(Editor:王寒露)

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