Thailand’s economic growth will slow to 4 per cent next year, hurt by a deteriorating global economic outlooks and ongoing political tension, a research says.

A fresh study released on Tuesday indicates that recovery will be limited at private consumption due to continuing political strife and decline in direct investment fund flow.

A report said the country’s liquidity will mostly come from government spending and financial stimulus packages.

However, export will continue to grow at a surprisingly well level, driven by price factor.

“Thailand’s private investment has been underperforming,” said SCBA Research.

“We have seen decelerating trend in private performance as well as consumption,” the research company has commented.