World Bank cuts Thai growth outlook to 2.9% this year
published : 5 Apr 2022 at 10:41
Thailand's economy is expected to grow 2.9% this year, down from a prediction of 3.9% seen in December, the World Bank said on Tuesday.
Weakening global demand will slow growth in goods exports, while the fallout from the Ukraine-Russia war will weigh on domestic consumption, external demand and tourism, the agency said in a statement. The economy expanded 1.6% last year, among the lowest growth rates in Southeast Asia.