FPO cuts 2019 growth forecast

01.05.2019 - 05:02

Global slowdown takes toll on exports

The Fiscal Policy Office (FPO) has reduced its 2019 economic growth forecast to 3.8% from 4% as slower global economic growth takes a toll on exports. The lower estimate came after merchandise shipments in US dollar terms shrank 1.6% for the first three months, compared with the target of 2% growth, said director-general Lavaron Sangsnit.

(Economy, Thailand)

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