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Bangkok Post
Bangkok Post
Business

Thai growth slashed based on weak exports

FPO Pornchai Thiraveja Economic Growth Fiscal Policy

The Fiscal Policy Office (FPO) has downgraded its forecast for Thai economic growth this year to 3.6% from 3.8%, mostly based on expectations of an export contraction.

FPO director-general Pornchai Thiraveja said on Tuesday that despite positive indicators in other sectors, especially tourism, the export outlook in United State dollar terms is expected to contract this year by 0.5% from a previous forecast of 0.4% growth.

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