BANGKOK, Jan 13 – Thailand’s economy in 2011 is projected to expand by only 3.2 per cent, the lowest level in Asia in the past five years, dropping from last year’s economy, which grew by 7.5 per cent, Frederico Gil Sander, World Bank economist in Bangkok said on Thursday.

According to the World Bank’s latest ‘Global Economic Prospects 2011,’ Mr Sander said that last year’s Thai economic growth marked the highest level in Asia but the Gross Domestic Product (GDP) in the third and fourth quarters of 2010 gradually declined.

Meanwhile, the country’s tourism sector has not yet fully recovered due to the small number of tourist arrivals from US and Europe.

MCOT