BoT files sombre update | Bangkok Post: business

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BoT files sombre update

Will likely trim full year growth projection

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Domestic consumption and exports remained weak in May, while the impetus from the government's first-time car buyer scheme ran out of steam, pointing to a continued lacklustre economy in the second quarter, says the Bank of Thailand. 

Mathee Supapongse, the central bank's senior director for macroeconomic and monetary policy, reiterated it will slash the full-year growth forecast from 5.1% on July 19.

Porametee Vimolsiri, deputy secretary-general of the National Economic and Social Development Board, on Thursday said this year's gross domestic product (GDP) will likely grow below 5% in its forecast of 4.2% to 5.2%, while the Fiscal Policy Office trimmed its projection to 4.5% from 4.8%.

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