GDP growth lagging behind expectations this year and last
The Finance Ministry has dropped its estimate of 2019 growth in gross domestic product (GDP) from 2.8 to 2.5 per cent and its forecast for 2020 from 3.3 to 2.8 per cent.
“The economy in 2019 is now estimated to have grown by 2.5 per cent instead of the originally expected 4.1 per cent due to decreasing foreign demand, mainly caused by trade disputes between the US and China, resulting in the value of Thai exports declining by 2.7 per cent,” Lavaron Sangsnit, director-general of the Fiscal Policy Office, said on Wednesday (January 29).
The Nation Reporter
