21 February 2011 Last updated at 03:19 GMT

Thailand's economy decelerates as domestic demand wanes

Thailand's economy is not seen accelerating any time soon

Thailand's economic growth has slowed in the fourth quarter of 2010 as domestic demand waned.

Growth was 3.8% in last three months of 2010, compared with 6.6% in the previous quarter, the National Economic and Social Development Board said.

For the full year, Thailand's economy grew by 7.8% in 2010.

The economy is expected to slow further this year with the Bank of Thailand forecasting growth in the range of between 3% and 5% in 2011.