Thai 2015 GDP growth seen at 3pc despite drought

BANGKOK: Thailand's economy is expected to grow 3 percent in 2015 despite drought in the country, Finance Minister Sommai Phasee said on Monday.

"This year, if we can grow 3 percent that would not be too bad. If we can get 3 percent we wouldn't be worse off than other countries," Sommai told reporters.

He reaffirmed an earlier statement that drought could cut GDP growth by 0.5 percentage point.

Thailand is contending with drought conditions in six out of 67 provinces, according to the National Disaster Warning Center.