Growth of 3% for Thailand a challenge, says BOT governor

Bangkok

AN economic growth rate of 3 per cent for Thailand this year will be a challenge, the country's central bank governor said, indicating that South-east Asia's second largest economy will expand well below the rate forecast by the government.

Thailand has been hit hard by poor demand for its exports, exacerbating the challenge that the junta has faced in managing the faltering economy since seizing power nearly a year ago.

"It's possible to be at that level but it's going to be a challenge," Bank of Thailand (BOT) governor Prasarn Trairatvorakul told Reuters last Frid…