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THAILAND FINANCE MINISTRY CUTS 2025 GROWTH FORECAST TO 2.1%

  • NEWS Desk Global
  • May 1, 2025
  • 1 min read



Thailand's finance ministry cut its forecast for economic growth this year to 2.1% from 3%, saying on Thursday that the impact of U.S. tariffs and a global slowdown would weigh on Southeast Asia's second-largest economy. Exports, a key driver of Thai growth, were seen rising 2.3% this year, down from an earlier forecast of 4.4%.

The forecasts came a day after the Bank of Thailand cut rates at a second consecutive meeting and lowered its own forecasts for the economy this year.

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