Economic growth seen slowing due to trade war, politics: Somkid

Economic growth seen slowing due to trade war, politics: Somkid

Deputy Prime Minister Somkid Jatusripitak expects Thailand's economic growth will slow this year. (Bangkok Post file photo)
Deputy Prime Minister Somkid Jatusripitak expects Thailand's economic growth will slow this year. (Bangkok Post file photo)

Thailand's economic growth is expected to slow this year due to rising global trade tensions and domestic political uncertainty, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.

The US-China trade dispute has had a big impact on Thailand's trade-dependent economy, while the still unclear domestic situation has kept investors away, Mr Somkid told reporters.

Thailand held a general election on March 24 but the next administration has yet to be formed.

Southeast Asia's second-largest economy expanded 4.1% last year, its fastest pace in six years. The Finance Ministry expects growth of 3.8% this year.

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