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Bangkok Post

Business

Growth outlook darkens

World Bank Thailand Ukraine United States

Visitors browse for clothes at Chatuchak weekend market on April 2. (Photo: Nutthawat Wicheanbut)

Thailand's economy is expected to grow by 2.9% this year, down from a previous prediction of 3.9%, the World Bank said on Tuesday.

Warunthorn Puthong, an economist at the World Bank, said the downgrade was mainly due to external risk factors such as the Russia-Ukraine war, which has sent domestic energy prices soaring.

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