Thailand in 'mild recession' as growth stalls | Bangkok Post: business

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Govt slashes GDP growth projection

Q2 data show economy slips into mild recession

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The government has slashed its economic growth forecast for this year further in light of slowing exports, weakening domestic demand and possible delays in implementation of its water and infrastructure development plans. 

Arkhom Termpittayapaisith, secretary general of the National Economic and Social Development Board (NESDB), said growth could be boosted by government investment and better export performance. (Photo by Chanat Katanyu)

The government's planning unit, the National Economic and Social Development Board (NESDB), Monday cut its forecast for full-year gross domestic product (GDP) growth to a range of 3.8-4.3%, from 4.2-5.2% made in May.

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