Thai shares fall sharply amid cut to GDP forecast, political firestorm

|By:, SA News Editor

Thai shares (THD, TF, TTF) fall under pressure as the country's Election Commission suggests the country should postpone elections scheduled for February, as political turmoil persists.

Not helping matters is a downward revision to the Finance Ministry's 2013 and 2014 GDP growth forecasts.

The office now sees 2.8% growth this year and a 4% expansion next year, versus previous estimates of 3.7% and 5.1%, respectively.

SET index -1.8%.