Cargo ships are loaded with containers as they are docked at the port near Chao Phraya river in Bangkok
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Thailand lowers 2013 growth forecast

Thailand lowers full-year growth forecast to 3% after weaker-than-expected third quarter growth due to falling exports and a pullback in government stimulus.

Thailand's National Economic and Social Development Board (NESDB) has cut its full-year forecast for growth to 3% from an earlier estimate in the range of 3.8-4.3%.

The agency cited falling exports, as well as weaker domestic consumption for the revision.

Richard Jerram, chief economist for the Bank of Singapore, spoke about some of the challenges facing the Thai economy.