India, May 19 -- Thailand's economy is projected to expand at a slower than previously estimated pace in 2025 as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council, or NESDC, said Monday.
Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent- 3.3 percent.
In the first quarter, gross domestic product expanded 3.1 percent on a yearly basis, slower than the 3.3 percent growth in the fourth quarter.
Quarter-on-quarter, the economic growth improved to 0.7 percent from 0.4 percent in the preceding period.
The government lowered exports growth projection ...