EconThai glum on second-half outlook

Move Forward Party leader and prime ministerial candidate Pita Limjaroenrat takes a selfie while greeting supporters in Lampang province on June 14.

The domestic economy may slow down in the second half of the year due to a number of problems, ranging from looming drought and political uncertainties to a sluggish global economy, says the Employers' Confederation of Thai Trade and Industry (EconThai).

"The global economy is expected to grow by less than 2.1% in 2023," said Tanit Sorat, vice-chairman of EconThai.